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

Question 162

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 Income Summary to Ramirez, Capital includes A) a debit to Revenue for $7,000. B) credits to Expenses totalling $3,600. C) a credit to Income Summary for $3,400 D) a credit to Ramirez, Capital for $3,400. The entry to close Income Summary to Ramirez, Capital includes


A) a debit to Revenue for $7,000.
B) credits to Expenses totalling $3,600.
C) a credit to Income Summary for $3,400
D) a credit to Ramirez, Capital for $3,400.

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