The adjusted trial balance at May 26, 2013, for General Mills includes the following selected accounts. General Mills (GIS)

Assume that the company has not yet closed any accounts to retained earnings. Prepare journal entries to close the temporary accounts above. Set up the needed T-accounts and post the closing entries. After these entries are posted, what is the balance of the Retained Earnings account?

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($ millions) Net sales.... Cost of goods sold.. Selling, general and administrative expense and other. Interest expense, net Income tax expense. Retained earnings Debits $11,350.2 3,552.3 316.9 741.2 Credits $17,774.1 10,702.6