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Question (Category: accounting homework)
the income statement for the month of june, 2010 of ramirez enterprises contains the following information:br br revenuesbr br $7,000br br expenses:br br wages expensebr br $2,000br br rent expensebr br 1,000br br supplies expensebr br 300br br advertising expensebr br 200br br insurance expensebr br 100br br total expensesbr br 3,600br br net incomebr br $3,400br br br the entry to close the revenue account includes abr br br br credit to income summary for $7,000.br br br br debit to income summary for $3,400.br br br br credit to income summary for $3,400.br br br br debit to income summary for $7,000.br div


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