6. Based on the preceding trial balance, the entry to close the dividends would be: a. debit Retained Earnings $1,000, credit Dividends $1,000 b. debit Retained Earnings $4,000, credit Dividends $4,000 c. debit Dividends \$1,000: credit Retained Earnings \$1,000 d. debit Dividends $4,000; credit Retained Earnings $4.000 7. The Paula Corp. sold merchandise for cash, $6,900. The cost of the merchandise sold 6. Based on the preceding trial balance, the entry to close the dividends would be: a. debit Retained Earnings $1,000, credit Dividends $1,000 b. debit Retained Earnings $4,000, credit Dividends $4,000 c. debit Dividends \$1,000: credit Retained Earnings \$1,000 d. debit Dividends $4,000; credit Retained Earnings $4.000 7. The Paula Corp. sold merchandise for cash, $6,900. The cost of the merchandise sold