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The income statement for the month of June, 2021 of Whispering Enterprises contains the following information: Revenues $6800 Expenses: Salaries and Wages $2880 Expense Rent
The income statement for the month of June, 2021 of Whispering Enterprises contains the following information: Revenues $6800 Expenses: Salaries and Wages $2880 Expense Rent Expense 1490 Advertising Expense 740 Supplies Expense 300 Insurance Expense 90 Total expenses 5500 Net income $1300 The entry to close the revenue account includes a debit to Income Summary for $1300. credit to Income Summary for $6800. credit to Income Summary for $1300. O debit to Income Summary for $6800
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