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Business, 12.03.2021 15:50 niharikam242

The income statement for the month of June, 2018 of Sarasota Enterprises contains the following information: Revenues $6740
Expenses:
Salaries and Wages Expense $2900
Rent Expense 1530
Advertising Expense 740
Supplies Expense 270
Insurance Expense 110
Total expenses 5550
Net income $1190
The entry to close the expense accounts includes a:
a) debit to Salaries and Wages Expense for $2900.
b) credit to Rent Expense for $1530
c) debit to Income Summary for $1190.
d) credit to Income Summary for $5550.

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The income statement for the month of June, 2018 of Sarasota Enterprises contains the following info...
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