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The income statement for the year 2018 of Crane Co. contains the following information: Revenues $70000 $43200 11700 Expenses: Salaries and Wages Expense Rent Expense
The income statement for the year 2018 of Crane Co. contains the following information: Revenues $70000 $43200 11700 Expenses: Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Utilities Expense Insurance Expense 9900 5500 2600 2200 Total expenses 75100 Net income (loss) $ (5100) After all closing entries have been posted, the revenue account will have a balance of $70000 debit. $5100 credit. d $70000 credit. O $0
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