Cosing Entries with Net Income er all revenue and expense accounts have been closed at the end of the ca year, Income Summary has a debit of $202,00 and s credit of $271,800. At the a credit balance of $314 000, and Dividends has a balance of $26,400 Jounalioe e entries reqined to (1) dese net income or net loss and (2) dlose the Dividends account