Business
Business, 08.03.2021 22:40, jonjosef2012

The income statement for the month of June, 2021 of Ivanhoe Enterprises contains the following information: Revenues $6880 Expenses: Salaries and Wages Expense $3140 Rent Expense 1470 Advertising Expense 830 Supplies Expense 270 Insurance Expense 110 Total expenses 5820 Net income $1060 The entry to close the revenue account includes a credit to Income Summary for $6880. credit to Income Summary for $1060. debit to Income Summary for $6880. debit to Income Summary for $1060.

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