Use the following adjusted trial balance compiled for our company on December 31 of the current year to answer these questions.

	Debit	Credit
Cash	$1,000
Accounts receivable	$2,000
Equipment	$3,250
Accounts payable		$2,500
Common stock		$1,500
Retained earnings		?
Dividends	$250
Service revenue		$4,500
Salaries expense	$1,100
Advertising expense	$900

[ Select ] ["A", "B", "C", "D"] Select the correct closing entry for revenues from the table below:

		Debit	Credit
A	Service revenue	$3,000
	Income summary		$3,000
B	Income summary	$4,500
	Service revenue		$4,500
C	Income summary	$3,000
	Service revenue		$3,000
D	Service revenue	$4,500
	Income summary		$4,500

[ Select ] ["A", "B", "C", "D"] Select the correct closing entry for expenses from the table below:

		Debit	Credit
A	Salaries expense	$1,100
	Advertising expense	$900
	Income summary		$2,000
B	Income summary	$2,000
	Salaries expense		$1,100
	Advertising expense		$900
C	Expenses	$2,000
	Income summary		$2,000
D	Income summary	$2,000
	Expenses		$2,000

[ Select ] ["A", "B", "C", "D"] Select the correct entry to close income summary from the table below:

		Debit	Credit
A	Retained earnings	$2,500
	Income summary		$2,500
B	Income summary	$2,500
	Retained earnings		$2,500
C	Income summary	$4,500
	Revenue		$4,500
D	Net income	$4,000
	Retained earnings		$4,000

[ Select ] ["A", "B", "C", "D"] Select the correct closing entry for dividends from the table below:

		Debit	Credit
A	Dividends	$250
	Income summary		$250
B	Dividends	$250
	Retained earnings		$250
C	Income summary	$250
	Dividends		$250
D	Retained earnings	$250
	Dividends		$250