To determine how much should be debited to the Income Summary account when closing expense accounts, we need to look at the amounts of the various expense accounts. These include:
1. Salaries and Wages Expense
2. Insurance Expense
3. Supplies Expense
4. Depreciation Expense
Here's the step-by-step process:
1. Identify the expense accounts and their balances:
- Salaries and Wages Expense: \[tex]$2,100.00
- Insurance Expense: \$[/tex]600.00
- Supplies Expense: \[tex]$800.00
- Depreciation Expense: \$[/tex]250.00
2. Calculate the total amount to be debited to Income Summary:
- Add up all the expense amounts to get the total amount:
[tex]\[
\text{Total Debit to Income Summary} = \text{Salaries and Wages Expense} + \text{Insurance Expense} + \text{Supplies Expense} + \text{Depreciation Expense}
\][/tex]
Substituting the values:
[tex]\[
\text{Total Debit to Income Summary} = 2100.00 + 600.00 + 800.00 + 250.00
\][/tex]
3. Perform the addition:
[tex]\[
2100.00 + 600.00 = 2700.00
\][/tex]
[tex]\[
2700.00 + 800.00 = 3500.00
\][/tex]
[tex]\[
3500.00 + 250.00 = 3750.00
\][/tex]
Therefore, the total amount that should be debited to the Income Summary account when closing expense accounts is \$3,750.00.
