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The income statement for the month of June, 2020 of Swifty Inc. contains the following information: $7330 $2960 1530 Revenues Expenses: Salaries and Wages Expense
The income statement for the month of June, 2020 of Swifty Inc. contains the following information: $7330 $2960 1530 Revenues Expenses: Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Insurance Expense Total expenses Net income 880 300 100 5770 $1560 The entry to close the revenue account includes a credit to Income Summary for $1560. credit to Income Summary for $7330. debit to Income Summary for $1560. debit to Income Summary for $7330
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