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Business, 17.07.2019 17:30 hansen8031
The income statement for the month of june, 2015 of camera obscura enterprises contains the following information: revenues $7,000 expenses: salaries and wages expense $3,000 rent expense 1,500 advertising expense 800 supplies expense 300 insurance expense 100 total expenses 5,700 net income $1,300 the entry to close the expense accounts includes a a. debit to salaries and wages expense for $3,000. b. credit to rent expense for $1,500. c. credit to income summary for $5,700. d. debit to income summary for $1,300.
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