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The income statement for the month of June, 2021 of Sandhill Enterprises contains the following information Revenues $6820 Expenses Salaries and Wages Expense $2890 Rent

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The income statement for the month of June, 2021 of Sandhill Enterprises contains the following information Revenues $6820 Expenses Salaries and Wages Expense $2890 Rent Expense 490 730 Advertising Expense Supplies Expense 310 Insurance Expense 90 Total expenses 5510 Net income $1310 The entry to close the expense accounts includes a credit to Income Summary for $5510 debit to Salaries and Wages Expense for $2890 debit to Income Summary for $1310 credit to Rent Expense for $1490

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