The Retained earnings account has a credit balance of $37,000 before closing entries are made. Services revenue for the period is $55,200, wages expense is $39,800, and dividends are $9,000. What is the correct closing entry for the expense accounts? 4

The Retained earnings account has a credit balance of $37,000 before closing entries are made. Services revenue for the period is $55,200, wages expense is $39,800, and dividends are $9,000. What is the correct closing entry for the expense accounts