The Retained earnings account has a credit balance of $43,000 before closing entries are made. Total revenues for the period are $61,200, total expenses are $42,800, and dividends are $11,400. What is the correct closing entry for the expense accounts? Debit Income Summary $42,800; credit Retained earnings $42,800. Debit Expense accounts $42,800; credit Income Summary $42,800. Debit Income Summary $42,800; credit Expense accounts $42,800. Debit Expense accounts $43,000; credit Retained earnings $43,000. Credit Expense accounts $42,800; debit Retained earnings $42,800