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8 TB MC Qu. 03-285 (Algo) The Retained earnings account... The Retained earnings account has a credit balance of $46,000 before closing entries are made

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8 TB MC Qu. 03-285 (Algo) The Retained earnings account... The Retained earnings account has a credit balance of $46,000 before closing entries are made Services revenue for the period $ $64 200, wages expense is $44 300 and dividends are $12,600 What is the correct closing entry for the revenue accounts? 00 Debit Income Summary $64.200; credit Services Revenue $64.200. 1 points Debit Services Revenue $64.200; credit Income Summary $64,200. eBook Ask O Debit Services Revenue $64,200, credit Retained Earnings $46,000, Print References Debit Income Summary $46,000 credit Retained Earnings $46,000. Debit Services Revenue $46,000 credit Retained Earnings $46,000

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