Your answer is partially correct The ledger of Marigold Company contains the following balances: Retained Earnings $ 31,800; Dividends $ 1,200; Service Revenue $49,000; Salaries and Wages Expense $ 28,000; and Supplies Expense S 6,800. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec. 31 Service Revenue 49000 Income Summary 49000 (To close revenue account) Dec. 31Income Summary 34800 Salaries and Wages Expense 28000 Supplies Expense 6800 (To close expense accounts) Dec. 31 Income Summary 31800 Retained Earnings 31800 (To close net income/ (loss) Dec.31 Retained Earnings 1200 Dividends 1200 To close dividends)