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

question 217

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.

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Definitions:

Solitary Play

A developmental stage in early childhood where children play alone, focused on their own activities without seeking interaction with others.

Onlooker Play

A type of play where a child watches others play but does not actively participate, often observed in early childhood.

Cooperative Play

A stage of play development where children play together, creating and organizing activities towards a common goal.

Treasure Hunt

A game or activity where players search for hidden objects or places by following a series of clues or solving puzzles.