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The income statement for the month of June, 2018 of Tamarisk Enterprises contains the following information: Revenues $7060 Expenses: Salaries and Wages Expense $2860 Rent

The income statement for the month of June, 2018 of Tamarisk Enterprises contains the following information:

Revenues $7060
Expenses:
Salaries and Wages Expense $2860
Rent Expense 1470
Advertising Expense 800
Supplies Expense 280
Insurance Expense 90
Total expenses 5500
Net income $1560

The entry to close the expense accounts includes a

credit to Rent Expense for $1470.

credit to Income Summary for $5500.

debit to Salaries and Wages Expense for $2860.

debit to Income Summary for $1560.

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