The Income Statement for the Month of June, 2015 of Camera

Multiple Choice

The income statement for the month of June, 2015 of Camera Obscura Enterprises contains the following information: $\begin{array}{lr}\text { Revenues }&&\$7,000\\\text { Expenses: }\\\text { Salaries and Wages Expense } & \$ 3,000 \\\text { Rent Expense } & 1,500 \\\text { Advertising Expense } & 800 \\\text { Supplies Expense } & 300 \\\text { Insurance Expense } & 100\\\text { Total expenses }&&5,700\\\text { Net income }&&\$1,300\end{array}$ The entry to close the expense accounts includes a

A) debit to Income Summary for $1,300.
B) credit to Rent Expense for $1,500.
C) credit to Income Summary for $5,700.
D) debit to Salaries and Wages Expense for $3,000.