Question 4 of 6 View Policies Current Attempt in Progress An excerpt from Muin Company's accounting records is provided below. Sales revenue 770,000 Cost of goods sold 420,000 Wages expense 155,000 Depreciation expense 16,000 Rent expense 60,000 Interest expense 5,700 Income tax expense 20,000 Retained earnings 40,000 24,000 16,000 Dividends declared Wages payable Cash Accounts receivable 59,000 72,000 Accounts payable 149,000 Question 4 of 6 -/1 Using only the data provided above, record all the required closing entries using proper Journal Entry form. (List all debit entries before credit entries . Credit occount titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, selec "No Entry for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit 1. I (To close accounts with a credit balance) 2. (To close accounts with a debit balance) 3. To close Income summary account) 4 of 6 > -/1 2. (To close accounts with a debit balance) 3. (To close income summary account) (To close dividends declared) List of Accounts Save for later Attempts: 0 of 1 used Submit