Aher preparing and posting the closing entries for revenues and expenses, the income summary account has a debit balance of $32.000. The entry to close the income summary account will be Mugle Chale Debat come Summary $12,000 credit Dividends $27.000 Dotit Divent 12,000. Credit Recomes Earnings 532.000 Den income Summary $12.000 evde otuned for $22.000 De Dend 512.000 crewcome formaty 12.000 De camins 2.000, income my 32.000 On December 1, Miton Company bontowed 5460,000, 9% annual rest, from the Tennessee National Bank, Interest is paid when the armatures one year from the date Whateng entry for accruing interest that Miton would need to make on December 31, the calendar year end? Maple Choice Dubro 3450, credit, $1450 Dette P. 31.5C53450 Depen. 541400 credet Pay 546400 DE 1450 1450 Dobr. 16.00, wstPay 56.000 For the you ended December 31, company has revenues of $20,000 and expenses of $197.500. The company paid $1200 in vidends during the year. The balance in the Betained eaming account before closing is $94.000. Which of the following entries would be used to close the dividends account? Muit Choice Debe Here 3000 credit income Summary $4.000. Debt Hetained Earrings $2.200, cestomos SS1200 Debit intona Suary 584,000, Code Menos 184.000 Do 200 mg 151300 Dubray 1.300 200 High Step Shoes had annual revenues of $197.000, expenses of $109,700, and paid dividends of $22,800 during the current yeat. The retained earnings account before closing had a balance $309,000. The Net Income for the year is Multiple Choice $197.000 $373 500 $390.00 $2,300 $64,500 For the year ended December 31, a company has revenues of $320.000 and expenses of $197.500. The company paid $$1,200 in dividends during the year. The balance in the Retained earings account before closing is $84.000which of the following entries would be used to close the dividends account? Multiple Choice Dub Retained Earings $4.000, credit income Summary 564,000 Debt Ruined Bangs 551200. crear Dividends 551200 Dete come Summary 384.000, cred Dividers SM.000 De Dividends L200, nedag 300 Dutill come Bay 20051200 Hign Step Shoes had annual revenues of $197,000, expenses of $100700, and paid dividends of $22.800 during the current year. The retained earnings account before doing hade of $309,000. The Net Income for the years ple Choice 597000 $37.500 O $924.300 O 27.300 564 500