The income statement for the month of June, 2010 of Ramirez Enterprises contains the following information: The entry to close the expense accounts includes a
A) debit to Income Summary for $3,400.
B) credit to Rent Expense for $1,000,
C) credit to Income Summary for $3,600.
D) debit to Wages Expense for $2,000.

Question

The income statement for the month of June, 2010 of Ramirez Enterprises contains the following information:  The entry to close the expense accounts includes a
A) debit to Income Summary for $3,400. 
B) credit to Rent Expense for $1,000, 
C) credit to Income Summary for $3,600. 
D) debit to Wages Expense for $2,000.

Quizplus · Accepted Answer

The Answer of The income statement for the month of June, 2010 of Ramirez Enterprises contains the following information:  The entry to close the expense accounts includes a
A) debit to Income Summary for $3,400. 
B) credit to Rent Expense for $1,000, 
C) credit to Income Summary for $3,600. 
D) debit to Wages Expense for $2,000.

The Income Statement for the Month of June, 2010 of Ramirez