Income Summary has a credit balance of $11,000 (Net Income) in ABC Company after closing .15 revenues and expenses. The entry to close Income Summary is (aha 3) Debit Income Summary $11,000. Credit Retained Earnings $11,000 Debit Dividends $11,000: Credit Income Summary $11,000 Credit Dividends $11,000: Debit Income Summary $11,000 Debit Retained Earnings 511,000: Credit Income Summary $11,000