The ledger of Mai Company includes the following accounts with normal balances: Common Stock, $10,500; Dividends, $1,550; Services Revenue, $28,000; Wages Expense, $15,900; and Rent Expense, $4,600. Prepare the necessary closing entries from the available information at December 31.

Record the entry to close revenue accounts.

Record the entry to close expense accounts.

Record the entry to close expense accounts.

Record the entry to close the dividends account.