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After all revenue and expense accounts have been closed at the end of the focal year. Income Summary has a debit of $2,460,000 and a

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After all revenue and expense accounts have been closed at the end of the focal year. Income Summary has a debit of $2,460,000 and a credit of $3,000,000. At the same date, Retained Earnings has a credit balance of $8,222,000, and Dividende has a balance of $125,000 Required: A. Joumaise the entrou required to complete the coming of the accounts on December 31. Poder to the Chart of Accounts for exact wording of accounts B. Determine the amount of Retained Earnings at the end of the period

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