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The income statement for the year 2016 of Bugati Co. contains the informations: Revenues $73,000, Expenses $79,500, and Net income (loss) $(6,500). After all closing
The income statement for the year 2016 of Bugati Co. contains the informations: Revenues $73,000, Expenses $79,500, and Net income (loss) $(6,500). After all closing entries have been posted, the revenue account will have a balance of*
$0.
$73,000 credit.
$73,000 debit.
$6,500 credit.
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