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Your answer is incorrect. The income statement for the month of June, 2021 of Sage Enterprises contains the following information: Revenues $6980 Expenses: $3030 Salaries
Your answer is incorrect. The income statement for the month of June, 2021 of Sage Enterprises contains the following information: Revenues $6980 Expenses: $3030 Salaries and Wages Expense Rent Expense 1560 Advertising Expense 730 Supplies Expense 290 Insurance Expense 110 Total expenses 5720 Net income $1260 The entry to close the revenue account includes a debit to Income Summary for $6980. credit to Income Summary for $6980. credit to Income Summary for $1260. debit to Income Summary for $1260
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