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Business, 11.05.2021 17:00 lilbit217

The following information is from the Income Statement of the Waterway Laundry Service: Revenues Service Revenues $6240 Expenses Salaries and wages expense $ 2350 Advertising expense 480 Rent expense 290 Supplies expense 190 Insurance expense 100 Total expenses 3410 Net income $2830 The entry to close the Laundry Service Revenue account includes a: debit to Income Summary for $6240. debit to Service Revenue for $6240. credit to Service Revenue for $6240. debit to Retained Earnings for $6240.

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