The Income Statement for the Month of June, 2021 of Camera

question 145

Multiple Choice

The income statement for the month of June, 2021 of Camera Obscura Enterprises contains the following information: The entry to close the revenue account includes a

• A)debit to Income Summary for $1,300.
• B)credit to Income Summary for $1,300.
• C)debit to Income Summary for $7,000.
• D)credit to Income Summary for $7,000.

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Definitions:

Hotel Guests

Individuals who are staying temporarily in a hotel.

Homemade Pizza

A pizza made from scratch with personal choice of toppings, usually prepared and cooked at home.

Outdoor Jazz Concert

A live music performance featuring jazz music that takes place in an open-air venue, allowing audiences to enjoy the performance in a natural or urban outdoor setting.

Cab Driver

A person who operates a taxi cab, transporting passengers between locations of their choice.