Answer Happy

The income statement for the month of June, 2021 of Sheffield Enterprises contains the following information: Revenues $6650 $3030 1460 860 Expenses Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Insurance Expense Total expenses Net income 320 110 5780 $870 The entry to close Income Summary to Retained Earnings includes acredit to Income Summary for $870. a debit to Revenues for $6650. credits to Expenses totalling $5780. a credit to Retained Earnings for $870,