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TSJ Corporation earned revenues of $ 3 2 9 0 0 , incurred expenses of $ 2 0 4 0 0 0 , and paid

TSJ Corporation earned revenues of $32900, incurred expenses of $204000, and paid dividends of $41000. When Income Summary
is closed to Retained Earnings, the amount of the debit or credit to Retained Earnings is a
credit of $125000.
debit of $125000.
debit of $84000.
credit of $84000.
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