on Completion Status: ne ena or its tirst year or operations, after adjustments were propery recordea, white, inc. na re Tontowing adjusted account balances: Prepaid Rent 2,000 Accumulated Depreciation-Trucks 6,000 Insurance Expense 4,000 Interest Expense 4,000 Supplies Expense 8,000 Accounts Receivable 39,000 Accounts Payable 11,000 Unearned Revenue 1,000 Service Revenue 160,000 Prepaid Insurance 2,000 Trucks 66,000 Wages Expense 92,000 vages Payable 5,000 Depreciation Expense 6,000 Dividends 3,000 Common Stock 45,000 Interest Revenue 2,000 Cash 4,000 Each of these accounts has the normal dobit or credit balans In preparing the closing entries, the fourth closing entry, to close the Dividends account, would include a: debit to Income Summary of $3,000. credit to Income Summary of $3,000. debit to retained Earnings of $3,000. credit to Retained Earnings of $3,000. None of the above Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers ADID Remaining Time: 2 hours, 09 minutes, 32 seconds. Question Completion Status: At the end of its first year of operations, after adjustments were properly recorded, White, Inc. had the following adjusted account balances: Prepaid Rent 2,000 Accumulated Depreciation-Trucks 6,000 Insurance Expense 4,000 Interest Expense 4,000 Supplies Expense 8,000 Accounts Receivable 39,000 Accounts Payable 11,000 Unearned Revenue 1,000 Service Revenue 160,000 Prepaid Insurance 2,000 Trucks 66,000 Wages Expense 92,000 Wages Payable 5,000 Depreciation Expense 6,000 Dividends 3,000 Common Stock 45,000 Interest Revenue 2,000 Cash 4,000 Each of these accounts has the normal debitor credit balance In preparing the closing entries, the DEDIT to the Income Summary account and credit to retained Earnings to transfer net income to Retained Earnings will be: $ 160,000 $ 162,000 $ 46,000 $ 48,000 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Close 408 127201-2100: MacBook Pro