Multiple Choice Question 75

The income statement for the month of June, 2018 of Blossom Enterprises contains the following information:

Revenues		$6650
Expenses:
Salaries and Wages Expense	$3030
Rent Expense	1460
Advertising Expense	860
Supplies Expense	320
Insurance Expense	110
Total expenses		5780
Net income		$870

The entry to close the revenue account includes a

credit to Income Summary for $870.

debit to Income Summary for $870.

debit to Income Summary for $6650.

credit to Income Summary for $6650.