Question: please help asap Question 7 The income statement for the month of June, 2016 of Ayayai, Inc. contains the following information: $6650 Revenues Expenses: Salaries
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Question 7 The income statement for the month of June, 2016 of Ayayai, Inc. contains the following information: $6650 Revenues Expenses: Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Insurance Expense $2910 1560 810 270 90 Total expenses 5640 Net income $1010 The entry to close Income Summary to Owner's, Capital includes a credit to Owner's Capital for $1010. a credit to Income Summary for $1010. credits to Expenses totalling $5640. O a debit to Revenues for $6650
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