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The income statement for the month of June, 2018 of Pronghorn Enterprises contains the following information: Revenues Expense:s $7130 Salaries and Wages Expense Rent Expense

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The income statement for the month of June, 2018 of Pronghorn Enterprises contains the following information: Revenues Expense:s $7130 Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Insurance Expense $2910 1490 750 280 110 5540 Total expenses Net income $1590 After the revenue and expense accounts have been closed, the balance in Income Summary will be O a debit balance of $1590. a credit balance of $7130. a credit balance of $1590. $0

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