Question 40 of 42 View Policies Current Attempt in Progress Pharoah Company shows the following balances in selected accounts of its adjusted trial balance. Supplies Supplies Expense Accounts Receivable Dividends Retained Earnings $32,600 5.300 13,000 20,200 72.000 Service Revenue Salaries and Wages Expense Utilities Expense Rent Expense $109,000 36,600 7.100 18,800 Journalize the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not in manually.) Account Titles and Explanation Debit Credit Date Dec. 31 (To close revenue to income summary) 8 AR A O Question 40 of 42 - /6 (To close revenue to income summary) Dec. 31 (To close expenses to income summary) Dec. 31 (To close net income to retained earnings) Dec. 31 (To close dividends to retained earnings) 8 AD 4