Sales revenues were $20,000. Sales returns and allowances were $300. Sales discounts were $700. Cost of goods sold were $12,000 and all other expenses totaled $4,500. The second closing entry would include which of the following items
? A. Credit to income summary of $16,500 B. Debit to income summary of $17,500
C. Debit to income summary of $4,500 D. Debit to income summary of $16,50