The ledger of Mai Company includes the following accounts with normal balances as of December $31$: Retained Earnings $$10,200$;

Dividends $$1,400$; Services Revenue $$25,000$; Wages Expense $$14,400$; and Rent Expense $$4,000.$

Prepare its December $31$ closing entries.

Journal entry worksheet

Record the entry to close revenue accounts.

Note: Enter debits before credits.

there is no income summary option