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

	Debit	Credit
Cash	$2,000
Accounts receivable	$3,000
Equipment	$5,000
Accounts payable		$3,500
Common stock		$2,000
Retained earnings		?
Dividends	$350
Service revenue		$8,000
Salaries expense	$2,000
Advertising expense	$1,150

[ 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	$8,000
	Service revenue		$8,000
C	Income summary	$6,000
	Service revenue		$6,000
D	Service revenue	$8,000
	Income summary		$8,000

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

		Debit	Credit
A	Salaries expense	$2,000
	Advertising expense	$1,150
	Income summary		$3,150
B	Income summary	$3,150
	Salaries expense		$2,000
	Advertising expense		$1,150
C	Expenses	$3,150
	Income summary		$3,150
D	Income summary	$3,150
	Expenses		$3,150

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

		Debit	Credit
A	Retained earnings	$4,850
	Income summary		$4,850
B	Income summary	$4,850
	Retained earnings		$4,850
C	Income summary	$8,000
	Revenue		$8,000
D	Net income	$6,850
	Retained earnings		$6,850

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

		Debit	Credit
A	Dividends	$350
	Income summary		$350
B	Dividends	$350
	Retained earnings		$350
C	Income summary	$350
	Dividends		$350
D	Retained earnings	$350
	Dividends