The Income Statement for the Month of June, 2018 of Camera

Multiple Choice

The income statement for the month of June, 2018 of Camera Obscura Enterprises contains the following information: The entry to close Income Summary to Retained Earnings includes

A) a debit to Revenues for $7,000.
B) credits to Expenses totalling $5,700.
C) a credit to Income Summary for $1,300
D) a credit to Retained Earnings for $1,300.