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The income statement for the month of June, 2016 of Snap Shot, Inc. contains the following information: Revenues $7,300 Expenses: Salaries and Wages Expense


 

The income statement for the month of June, 2016 of Snap Shot, Inc. contains the following information: Revenues $7,300 Expenses: Salaries and Wages Expense $3,000 Rent. Expense 1,300 Advertising Expense 700 Supplies Expense 200 Insurance Expense 100 Total expenses 5,300 Net income $2,000 L The entry to close Income Summary account to Owner's, Capital includes

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