The Retained earnings account has a credit balance of $48,000 before closing entries are made. Total revenues for the period are $66,200, total expenses are $45,300, and dividends are $13,400. What is the correct closing entry for the expense accounts
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Home » Business » The Retained earnings account has a credit balance of $48,000 before closing entries are made. Total revenues for the period are $66,200, total expenses are $45,300, and dividends are $13,400.