Question: Current Attempt in Progress The income statement for the month of June, 2021 of Pearl Enterprises contains the following information: Revenues Expenses: Salaries and Wages
Current Attempt in Progress The income statement for the month of June, 2021 of Pearl Enterprises contains the following information: Revenues Expenses: Salaries and Wages Expense $2890 $6970 Rent Expense 1520 Advertising Expense 840 Supplies Expense 310 Insurance Expense 110 Total expenses 5670 Net income $1300 The entry to close the expense accounts includes as part of the entry O credit to Rent Expense for $1520. O debit to Salaries and Wages Expense for $2890. O credit to Income Summary for $5670. O debit to Income Summary for $1300
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