(200 unread) - wendybarry1980 x + uiz: Extra Credit 4 purses/286575/quizzes/1496146/take D Question 5 Problem (8 pts) Closing entries The information below applies to Questions 5 thru 8 (2 points each) SAXONY Inc. Adjusted Trial Balance December 31 Cash Accounts Receivable Equipment Accounts Payable Capital Stock Retained Eamings Dividends Service Revenue Salaries Expense Depreciation Supplies Expense Debit Credit $ 96 85 191 $41 225 88 63 226 95 34 16 $580 $580 5. What is the balance in Income Summary before it is closed to Retained Earnings? A $49 OB. $61. OC $81. D $145