Income Summary Has a Credit Balance of $12,000 in J

Multiple Choice

Income Summary has a credit balance of $12,000 in J. Wenger Co. after closing revenues and expenses. The entry to close Income Summary is

A) credit Income Summary $12,000, debit Retained Earnings $12,000.
B) credit Income Summary $12,000, debit Dividends $12,000.
C) debit Income Summary $12,000, credit Dividends $12,000.
D) debit Income Summary $12,000, credit Retained Earnings $12,000.