1 What is the balance in Income Summary before it is closed to Retained Earnings? a $61 b $50 c $73 d $145. 2 What is the balance in Retained Earnings after posting closing entries at December 31? a $117 b $106. C$61 d $45. 3 What is the total of the debit column on the after-closing trial balance? $222 a a b $372 C $233 d $161 4 Which accounts are closed to Income Summary? All accounts b Revenue and expenses. c Revenue, expenses, and dividends. d All accounts that are not nominal 5 Which accounts will appear on the balance sheet? Retained earnings of $56. b Dividends of $11 Net income of $60 d None of the above a SUNDIAL Inc. Trial Balance December 31, Current Year Credit Debit $ 16 26 191 $ 21 106 56 Cash Accounts Receivable Equipment Accounts Payable Capital Stock Retained Earnings Dividends Service Revenue. Salaries Expense. Depreciation Supplies Expense. 11 189 86 26 16 $372 $372