Module Five Discussion Question #2 The following accounts and normal balances existed at year -end . Make the four journal entries required to close the books : Retained earnings $22,000 Dividends 6,000 Fees earned revenue 90,000 Selling expenses 45,000 Administrative expenses 16,000 Miscellaneous expense 2,300 Journal Date Account Debit Credit Jan 31, 2021 Fees Earned Revenue $90,000 Income Summary $90,000 To close revenue accounts to Income Summary Jan 31, 2021 Income Summary $63,000 Selling expenses $ 45,000 Administrative expenses $ 16,000 Miscellaneous expenses $2300 To close expenses accounts to Income Summary Jan 31, 2021 Income Summary $26,700 Retained earnings $26,700 To close Income Summary to Retained Earnings Jan 31, 2021 Retained Earnings $6,000 Dividends $6,000 To close dividends accounts to Retained Earnings