The ledger of Mai Company includes the following accounts with normal balances as of December 31: Common Stock $9,700; Dividends $1,150; Services Revenue $20,000; Wages Expense $11,900; and Rent Expense $3,000. Prepare its December 31 closing entries. View transaction list View journal entry worksheet E X Debit Credit 20.000 20.000 1 Record the entry to close revenue accounts. 2 Record the entry to close expense accounts. 3 Record the entry to close the income summary account. 4 Record the entry to close the dividends account. Note : = journal entry has been entered