Chapter 4 (1) A company paid dividends during the period of $1,800. The journal entry to close the Dividends account at the end of the accounting period is A. debit Dividends, $1,800 and credit Retained Earnings, $1,800. B. debit Retained Earnings, $1,800 and credit Dividends, $1,800. C. debit Dividends, $1,800 and credit Income Summary, $1,800. D. debit Income Summary, $1,800 and credit Dividends, $1,800. (2) Which of the following accounts may be found on both the adjusted trial balance and the post-closing trial balance? A. Dividends B. Fees Earned C. Wages Expense D. Common Steck