There Are Four Closing Entries

Multiple Choice

There are four closing entries. The first one is to close ____, the second one is to close ____, the third one is to close ____, and the last one is to close ____.

A) revenues, expenses, income summary, dividends
B) expenses, assets, income summary, capital stock
C) retained earnings, dividends, income summary, assets
D) dividends, income summary, expenses, revenues