The Income Statement for the Month of June 2016 of Snap

Multiple Choice

The income statement for the month of June 2016 of Snap Shot Inc. contains the following information: $\begin{array}{lr}\text { Revenues } &&\$7,300 \\\text { Expenses: } & \\\text { Salaries and Wages Expense } & \$ 3,000 \\\text { Rent Expense } & 1,300 \\\text { Advertising Expense } & 700 \\\text { Supplies Expense } & 200 \\\text { Insurance Expense } & 100 \\\quad \text { Total expenses } &&5,300 \\\text { Net income } &&\$2,000\end{array}$ The entry to close the expense accounts includes a

A) debit to Income Summary for $2000.
B) credit to Rent Expense for $1300.
C) credit to Income Summary for $5300.
D) debit to Salaries and Wages Expense for $3000.