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Sheridan Dynamics had sales revenues of $200,000, service revenues of $150,000, expenses of $200,000, and dividends of $45,000. When Income Summary is closed to retained

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Sheridan Dynamics had sales revenues of $200,000, service revenues of $150,000, expenses of $200,000, and dividends of $45,000. When Income Summary is closed to retained Earnings, the amount of the debit or credit to Retained Earnings is a debit of $150,000 None of the listed options O debit of $105,000 credit of $130,000 credit of $150.000

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