The income statement for the year 2020 of Poole Co. contains the following information: Revenues Expenses: Salaries and Wages Expense Rent Expense Supplies Expense Advertising Expense Utilities Expense Insurance Expense Total expenses Net income (Loss) The entry to close the revenue account includes credit to Revenues for $150,000 debit to Revenues for $150,000 $90,000 32,000 12,000 12,000 5,000 4,000 credit to Income Summary for $5,000 debit to Income Summary for $5,000 $150,000 155,000 $_(5000)

The income statement for the year 2020 of Poole Co. contains the following information: R The entry to close the revenue account includes credit to Revenues for $150,000 debit to Revenues for $150,000 credit to Income Summary for $5,000 debit to Income Summary for $5,000