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The income statement for the month of June, 2021 of Snap Shot, Inc. contains the below information. After the revenue and expense accounts have been
The income statement for the month of June, 2021 of Snap Shot, Inc. contains the below information. After the revenue and expense accounts have been closes, the balance in the Income Summary account will be: Revenues $7,300 Expenses Salaries & Wages Expense $,3000 Rent Expense 1,300 Advertising Expense 700 Supplies Expense 200 Insurance Expense 100 Total expenses 5,300 Net income $2,000 O a Debit balance of $7,300 a Debit balance of $2,000 a Credit balance of $2,000 O A Credit balance of $7,300
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