The Income Statement for the Month of June 2016 of Snap

question 76

Multiple Choice

The income statement for the month of June 2016 of Snap Shot Inc. contains the following information: $\begin{array}{lr}\text { Revenues } &&\$7,300 \\\text { Expenses: } & \\\text { Salaries and Wages Expense } & \$ 3,000 \\\text { Rent Expense } & 1,300 \\\text { Advertising Expense } & 700 \\\text { Supplies Expense } & 200 \\\text { Insurance Expense } & 100 \\\quad \text { Total expenses } &&5,300 \\\text { Net income } &&\$2,000\end{array}$ The entry to close the revenue account includes a

• A) debit to Income Summary for $2000.
• B) credit to Income Summary for $2000.
• C) debit to Income Summary for $7300.
• D) credit to Income Summary for $7300.

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Definitions:

Hypnagogic Reverie

A state of consciousness occurring in the transition from wakefulness to sleep, characterized by vivid, dreamlike experiences or hallucinations.

High Consciousness

An elevated state of awareness, including greater focus, alertness, and an expanded sense of connection with one's surroundings or self.

Hypnosis

A trance-like state of focus and concentration achieved with the help of a therapist, used for therapeutic purposes.

Social-Cognitive-Behavior View

A perspective that understanding and changing behavior involved considering social influences, thought processes, and reinforcement history.