The entry to dose the expense accounts includes: a debit to Dividends and credits to the respective expense accounts. debits to the respective expense accounts and a credit to Retained Earnings. a debit to Retained Earnings and credits to the respective expense accounts. debits to the respective expense accounts and a credit to Dividends. The entry to close the Dividend account includes: a debit to Dividends and a credit to Common Stock. a debit to Dividends and a credit to Retained Earnings. a debit to Retained Earnings and a credit to Dividends. a debit to Common Stock and a credit to Dividends