QS 3-21 Prepare closing entries from the ledger LO P4 The ledger of Mai Company includes the following accounts with normal balances: Retained Earnings $10,600; Dividends $1,600; Services Revenue $29,000; Wages Expense $16,400; and Rent Expense $4,800. Prepare the necessary closing entries from the available information at December 31. View transaction list Journal entry worksheet 1 3 4 Record the entry to close services revenue account. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal 1 Record the entry to close services revenue account. 2 Record the entry to close expense accounts. 3 Record the entry to close income summary account. 4 Record the entry to close the Dividends account