The Income Statement for the Month of June, 2022 of Snap

question 35

Multiple Choice

The income statement for the month of June, 2022 of Snap Shot, Inc. contains the following information: $\begin{array}{lr}\text { Revenues }&&\$7,300\\\text { Expenses: }\\\text { Salaries and Wages Expense } & \$ 3,000 \\\text { Rent Expense } & 1,300 \\\text { Advertising Expense } & 700 \\\text { Supplies Expense } & 200 \\\text { Insurance Expense } & 100 \\\text { Total expenses }&&5,300\\\text { Net income (loss) }&&\$2,000\end{array}$ The entry to close the revenue account includes a

• A) debit to Income Summary for $2,000.
• B) credit to Income Summary for $2,000.
• C) debit to Income Summary for $7,300.
• D) credit to Income Summary for $7,300.

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Definitions:

Topography

The arrangement of the natural and artificial physical features of an area, including mountains, valleys, rivers, buildings, and roads, often represented on maps.

Cultural Roots

The fundamental aspects or elements of culture that define the identity and heritage of a community, including traditions, languages, beliefs, and behaviors.

Interpretive Skills

The ability to understand and translate information, texts, or data into meaningful insights or practical applications.

Harmoniously

In a manner that is congruent and compatible, showing agreement or concord in action, attitude, or design.