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:

Pacific

The largest and deepest of the world's ocean basins, known for its vast expanse and significant role in climate and weather patterns.

Navy Cross

A military decoration awarded by the United States Navy and Marine Corps for extraordinary heroism in combat, ranking just below the Medal of Honor.

Messman

A crew member in the navy or merchant marine responsible for serving meals, cleaning living quarters, and other domestic duties aboard a ship.

Decorated Black Serviceman

A Black military member who has been honored with awards or medals for his service and bravery.