QS 3-20 (Algo) Preparing closing entries LO P6 The ledger of Mai Company includes the following accounts with normal balances as of December 31 : Retained Earnings $10,200; Dividends \$1,400; Services Revenue $25,000; Wages Expense $14,400; and Rent Expense $4,000. Prepare its December 31 closing entries. Journal entry worksheet 4 Record the entry to close revenue accounts. Note Enter debits befoce credits. The ledger of Mai Company includes the following accounts with normal balances as of December 3 Dividends $1,400; Services Revenue $25,000; Wages Expense $14,400; and Rent Expense $4,000. Prepare its December 31 closing entries. Journal entry worksheet Note: Enter debits before credits. Dividends $1,400; Services Revenue $25,000; Wages Expense $14,400; and Rent Expense $4,000. Prepare its December 31 closing entries. Journal entry worksheet Record the entry to close the income summary account. Note: Enter debits before credits. Dividends $1,400; Services Revenue $25,000; Wages Expense $14,400; and Rent Expense $4,000. Prepare its December 31 closing entries. Journal entry worksheet 1 Record the entry to close the dividends account. Note: Enter debits before credits