Question: Multiple Choice Question 234 The following information is from the Income Statement of the Sheridan Laundry Service: $5330 $ 2010 Revenues Service Revenues Expenses Salaries
Multiple Choice Question 234 The following information is from the Income Statement of the Sheridan Laundry Service: $5330 $ 2010 Revenues Service Revenues Expenses Salaries and wages expense Advertising expense Rent expense Supplies expense Insurance expense Total expenses 410 2910 Net income $2420 The entry to close the Laundry Service Revenue account includes a: debit to Retained Earnings for $5330. debit to Service Revenue for $5330. credit to Service Revenue for $5330. debit to Income Summary for $5330
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