Johnson Company had revenues of $500,000, expenses of $200,000, and dividends paid of $50,000. When the "expenses" accounts are closed, what entry should be made? A. Debit Credit Income Summary 200,000 Expenses 200,000 B. Debit Credit Expenses 200,000 Dividends 50,000 Retained Earnings 250,000 C. Debit Credit Expenses 200,000 Income summary 300,000 Revenues 500,000 D. Debit Credit Retained earnings 200,000 Expenses 200,000