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The income statement for the month of june 2020 of buffalo inc. contains rhe following information The income statement for the month of June, 2020
The income statement for the month of june 2020 of buffalo inc. contains rhe following information
The income statement for the month of June, 2020 of Buffalo, Inc. contains the following information: $6820 Revenues Expenses: $2890 1490 Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Insurance Expense 730 310 90 Total expenses 5510 Net income $1310 The entry to close Income Summary to Owner's, Capital includes O a credit to Income Summary for $1310. O a credit to Owner's Capital for $1310. credits to Expenses totalling $5510. a debit to Revenues for $6820 Step by Step Solution
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