Final answer:
Temporary accounts close to retained earnings account, and dividends also close to retained earnings account.
Step-by-step explanation:
When journalizing closing entries, temporary accounts close to the retained earnings account, whereas dividends close to the retained earnings account as well.
Temporary accounts include revenue, expenses, and gains or losses accounts which are closed at the end of the accounting period. These accounts are used to track income and expenses for a specific period of time. When closing these accounts, their balances are transferred to the retained earnings account, which is a permanent account on the balance sheet.
Dividends, on the other hand, are distributions of a company's earnings to its shareholders. Dividends are typically paid out of retained earnings. To close the dividends account, the balance is transferred to the retained earnings account as well.