On December 31, Baker Company had the following adjusted trial balance: Date Cash Account Title Account Titles Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Capital Stock Retained Earnings Dividends Sales Sales Discounts Sales Returns and Allowances Cost of Goods Sold Selling Expenses General and Administrative Expenses Debit Debit Credit 12,170 8,090 6,320 33,200 14,800 Required Prepare the fourth closing entry to close the Dividends account to the Retained Earnings account. Credit 6,900 14,350 22,500 23,700 R 74,900 1,350 580 44,940 10,500 10,400 142,350 142,350

On December 31, Baker Company had the following adjusted trial balance: Required Prepare the fourth closing entry to close the Dividends account to the Retained Earnings account