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The income statement for the month of June, 2018 of Rama Enterprises contains the following information - Revenues.. SR 7,000 Expenses Wages Expense SR2,000 -Rent
The income statement for the month of June, 2018 of Rama Enterprises contains the following information - Revenues.. SR 7,000 Expenses Wages Expense SR2,000 -Rent Expense 1,000 Supplies Expense...... .300 - Advertising Expense 200 - Insurance Expense. 100 - Total expenses... 3,600 - Net income SR 3.400 The balance of income summary will be: A credit balance of SR 3,400. SRO. A debit balance of SR 3.400. A credit balance of SR 7,000. O
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