The income statement for the month of June, 2021 of Crane Enterprises contains the following information:
Revenues $7130
Expenses:
Salaries and Wages Expense $2910
Rent Expense 1490
Advertising Expense 750
Supplies Expense 280
Insurance Expense 110
Total expenses 5540
Net income $1590
The entry to close Income Summary to Retained Earnings includes:
a. credits to Expenses totalling $5540.
b. a credit to Retained Earnings for $1590.
c. a debit to Revenues for $7130.
d. a credit to Income Summary for $1590.
Answers: 1
Business, 21.06.2019 21:30
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Answers: 2
Business, 22.06.2019 13:40
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Business, 22.06.2019 20:00
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Business, 22.06.2019 23:30
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Answers: 1
The income statement for the month of June, 2021 of Crane Enterprises contains the following informa...
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