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The income statement for the year 2021 of Ayayai Co. contains the following information: Revenues $68400 Expenses: Salaries and Wages Expense $45800 Rent Expense
The income statement for the year 2021 of Ayayai Co. contains the following information: Revenues $68400 Expenses: Salaries and Wages Expense $45800 Rent Expense 11800 Advertising Expense 10300 Supplies Expense 6000 Utilities Expense 2400 Insurance Expense 1900 Total expenses 78200 Net income (loss) $ (9800) After all closing entries have been posted, the revenue account will have a balance of $0. $68400 credit. $9800 credit. $68400 debit.
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