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The income statement for the month of June, 2018 of Nash Enterprises contains the following information: Revenues Expenses $6800 Salaries and Wages Expense Rent Expense

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The income statement for the month of June, 2018 of Nash Enterprises contains the following information: Revenues Expenses $6800 Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Insurance Expense $3020 1440 830 330 100 5720 Total expenses Net income $1080 The entry to close Income Summary to Retained Earnings includes a credit to Retained Earnings for $1080 a credit to Income Summary for $1080. a debit to Revenues for $6800 credits to Expenses totalling $5720

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