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The income statement for the month of June, 2021 of Kingbird Enterprises contains the following information: $7230 $2930 Revenues Expenses Salaries and Wages Expense Rent
The income statement for the month of June, 2021 of Kingbird Enterprises contains the following information: $7230 $2930 Revenues Expenses Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Insurance Expense Total expenses Net income 1450 840 270 110 5600 $1630 The entry to close the revenue account includes a credit to Income Summary for $1630 debit to Income Summary for $7230. debit to Income Summary for $1630 credit to Income Summary for $7230
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