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III TERI a The ledger of Muhanad Company contains the following balances: Retained Earnings $120,000; Dividends $8,000; Service Revenue $160,000; Salaries Expense $108,000; Rent Expense

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III TERI a The ledger of Muhanad Company contains the following balances: Retained Earnings $120,000; Dividends $8,000; Service Revenue $160,000; Salaries Expense $108,000; Rent Expense $36,000; and interest revenue $30,000. the entry to close income summary account will include a Select one: Credit to Income Summary for $46,000. O Debit to Retained Earnings for $46,000. O Debit to Income Summary for $190,000 O Debit to Income Summary for $46,000

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