The retained earnings account has a credit balance of $37,000 before closing entries are made. total revenues for the period are $55,200, total expenses are $39,800, and dividends are $9,000. what is the correct closing entry for the revenue accounts? a) debit revenue accounts $55,200; credit income summary $55,200. b) debit revenue accounts $37,000; credit retained earnings $37,000 c) debit revenue accounts $55,200; credit retained earnings $37,000. d) debit income summary $55,200; credit revenue accounts $55,200. debit income summary $37,000; credit retained earnings $37,000