Current Attempt in Progress

The income statement for the month of June, $2027,$ of Marigold Enterprises contains the following information:

Revenues

$$6980$

Expenses:

Salaries and Wages $$3030$

Expense

The entry to close the revenue account includes a

credit to Income Summary for $$1260.$

debit to Income Summary for $$6980.$

debit to Income Summary for $$1260.$

credit to Income Summary for $$6980.$