DMW Corporation earned revenues of

$325000

, incurred expenses of

$201000

, and paid dividends of

$45500

. When Income Summary is closed to Retained Earnings, the amount of the debit or credit to Retained Earnings is a\ debit of

$78500

.\ credit of

$124000

.\ debit of

$124000

.

DMW Corporation earned revenues of $325000, incurred expenses of $201000, and paid dividends of $45500. When Income Summary is closed to Retained Earnings, the amount of the debit or credit to Retained Earnings is a debit of $78500. credit of $124000. debit of $124000