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The income statement for the month of June, 2015 of Camera Obscura Enterprises contains the following information: $7,000 Revenues Expenses Salaries and Wages Expense $3,000
The income statement for the month of June, 2015 of Camera Obscura Enterprises contains the following information: $7,000 Revenues Expenses Salaries and Wages Expense $3,000 Rent Expense 1,500 Advertising Expense 800 Supplies Expense 300 Insurance Expense Total expenses Net income 100 5.700 $1.300 26) What is the journal entry to close the revenue ount to Income Summary? 27) What is the journal entry to close the expense accounts to Income Summary? 28) What is the journal entry to close Income Summary to Retained Earnings
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