When closing the Income Summary account, what amount is debited?

When closing the Dividends account, which account(s) is(are) debited?

When closing the Dividends account, what amount is debited?

When closing the Dividends account, which account(s) is(are) credited?

Presented below is information related to Swift Corporation for the year ended December 31, 2022. Accounts Receivable $48,500 7,200 Supplies Accounts Payable 22,700 Common Stock Retained Earnings Dividends Cost of Goods Sold Salaries Expense Interest Expense Insurance Expense Rent Expense Sales 345,000 184,600 22,000 222,400 65,000 7,300 11,700 21,000 366,500