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Carrie Services paid K. Carrie, the sole shareholder of Carrie Services, $5,700 in dividends during the current year. The entry to close the dividends account

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Carrie Services paid K. Carrie, the sole shareholder of Carrie Services, $5,700 in dividends during the current year. The entry to close the dividends account at the end of the year is: A) Debit Dividends $5,700; credit Cash, $5,700 B) Debit Retained earnings $5,700; credit Dividends $5,700 C) Debit Dividends $5,700; credit Retained earnings $5,700 D) Debit Retained earnings $5,700, credit Salary Expense $5,700 E) Debit Income Summary $5,700; credit Retained earnings $5,700 Select one

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