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	$3,000
Equipment	$5,000
Accounts payable		$3,500
Common stock		$2,000
Retained earnings		?
Dividends	$500
Service revenue		$8,500
Salaries expense	$2,500
Advertising expense	$2,000

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

		Debit	Credit
A	Service revenue	$6,000
	Income summary		$6,000
B	Income summary	$8,500
	Service revenue		$8,500
C	Income summary	$6,000
	Service revenue		$6,000
D	Service revenue	$8,500
	Income summary		$8,500

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

		Debit	Credit
A	Salaries expense	$2,500
	Advertising expense	$2,000
	Income summary		$4,500
B	Income summary	$4,500
	Salaries expense		$2,500
	Advertising expense		$2,000
C	Expenses	$4,500
	Income summary		$4,500
D	Income summary	$4,500
	Expenses		$4,500

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

		Debit	Credit
A	Retained earnings	$4,000
	Income summary		$4,000
B	Income summary	$4,000
	Retained earnings		$4,000
C	Income summary	$8,500
	Revenue		$8,500
D	Net income	$6,000
	Retained earnings		$6,000

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

		Debit	Credit
A	Dividends	$500
	Income summary		$500
B	Dividends	$500
	Retained earnings		$500
C	Income summary	$500
	Dividends		$500
D	Retained earnings	$500
	Dividends		$500