The following information is from the Income Statement of the Dirt Poor Laundry Service:
The entry to close the expense accounts includes a:
A) credit to Income Summary for $3,050.
B) debit to Income Summary for $3,050.
C) debit to Salaries and Wages Expense for $1,950.
D) credit to Retained Earnings for $3,050.
Correct Answer:
Verified
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