The sales revenue of a merchandiser amounted to $25,000, sales returns and allowances amounted to $2,400, and sales discounts amounted to $600. The merchandiser uses a perpetual inventory system. The first entry in the closing process would include

A.

a debit to Income Summary for $24,400

B.

a credit to Income Summary for $22,600

C.

a credit to Income Summary for $25,000

D.

a debit to Income Summary for $2,400