Hello,

I need help with this question. I highlighted the ones I got wrong. The answers are wrong. I only have one attempt left. If possible, please answer correctly. :)

Thank you in advance

The ledger of Riverbed Compary contains the following balances: Retained Earnings $29,000, Dividends $2,500, Service Revenue $51,500, Salaries and Wages Expense $28,500, and Supplies Expense $7,000. The closing entries are as follows: (1) Close revenueaccounts. (2) Close expense accounts. (3) Close net income/(loss). (4) Close dividends. Enter the balances in T-accounts, and post the closing entries