Question: The entry to close the expense accounts includes a * 1 point The income statement for the month of June, 2008 of Delgado Enterprises contains
The entry to close the expense accounts includes a * 1 point The income statement for the month of June, 2008 of Delgado Enterprises contains the following information: Revenues Expenses: Wages Expense Rent Expense Supplies Expense Advertising Expense Insurance Expense Total expenses Net income $2,000 1,000 300 200 100 $7.000 3,600 $3,400 debit to Income Summary for $3,400 credit to Rent Expense for $1,000 credit to Income Summary for $3,600 debit to Wages Expense for $2,000
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