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Business, 15.10.2021 01:00 bponce06

A company had the following selected balances: Account Debit Credit Service Revenue $8,000 Rental Revenue $2,000 Wages Expense $500 Utilities Expense $100 The third closing journal entry, after closing revenues and expenses, would include which of the following? Multiple choice question. Debit Income Summary $9,400; and credit Retained Earnings $9,400. Debit Income Summary $10,000; and credit Retained Earnings $10,000. Credit Income Summary $9,400; and debit Retained Earnings $9,400. Debit Income Summary $600; and credit Expenses $600.

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