the retained earrings account has a credit balance of 55,000 before closing entries are made total revenue for the period are 73200 total expenses are
the retained earrings account has a credit balance of 55,000 before closing entries are made total revenue for the period are 73200 total expenses are 48800 and dividends are 16200 what is the correct closing entry for the revenue accounts debit revneue account 73200 credit retained earrings 55000 debit revenue accounts 72300 credit income summary 73200 debit income summary 55000 credit retained earrings 55000 debit revenue account 55000 credit retained earrings 55000 debit income summary 73200 credit revnue accounts 73200 if answer is not shown provide answer
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