QS $3-20($Algo$)$ Preparing closing entries LO P$6$

The ledger of Mai Company includes the following accounts with normal balances as of December $31$: Retained Earnings $$10,300$;

Dividends $$1,450$; Services Revenue $$26,000$; Wages Expense $$14,900$; and Rent Expense $$4,200.$

Prepare its December $31$ closing entries.

Journal entry worksheet

Record the entry to close revenue accounts.

Note: Enter debits before credits.