Closing Entries In the midst of closing procedures. Claremont Corporation's accountant became ill and was hospitalized. You have volunteered to complete the closing of the books. You find that all the revenue and expense accounts have zero balances. The Dividends account has a debit balance of $31,000. The Retained Earnings account has a beginning credit balance of $191,000. Expenses totaled $318, 800, and revenues totaled $347, 400. Prepare journal entries to complete the closing procedures as of year-end directly to Retained Earnings. After these entries are posted, what is the balance in the Retained Earnings account