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

Question 28

Multiple Choice

The income statement for the month of June, 2010 of Ramirez Enterprises contains the following information: 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 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.

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