Frog Corporation Had Revenues of $ 300,000, Expenses of

Multiple Choice

Frog Corporation had revenues of $ 300,000, expenses of $ 200,000, and dividends of $ 45,000. When Income Summary is closed to Retained Earnings, the amount of the debit or credit to Retained Earnings is a

A) debit of $ 55,000.
B) debit of $ 100,000.
C) credit of $ 55,000.
D) credit of $ 100,000.