Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking, rain, fishing, or even diving up to 100 feet wont damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2022. All watches are sold for $680 each.

Jul.		17		Purchased 77 watches for $11,550 ($150 per watch) on account.
Jul.		31		Sold 58 watches for $39,440 cash.
Aug.		12		Purchased 58 watches for $9,280 ($160 per watch) cash.
Aug.		22		Sold 48 watches for $32,640 on account.
Sep.		19		Paid for watches purchased on July 17.
Sep.		27		Receive cash of $19,584 for watches sold on account on August 22.
Oct.		27		Purchased 125 watches for $21,250 ($170 per watch) cash.
Nov.		20		Sold 108 watches for $73,440 cash.
Dec.		4		Purchased 118 watches for $21,240 ($180 per watch) on account.
Dec.		8		Sold 58 watches for $39,440 on account.

Late in December, the next generation of multiuse (MU II) watches is released. In addition to all of the features of the MU watch, the MU II watches are equipped with a global positioning system (GPS) and have the ability to download and play songs and videos off the Internet. The demand for the original MU watches is greatly reduced. As of December 31, the estimated net realizable value of MU watches is only $100 per watch.

General Ledger Account

Cash
No.	Date	Debit	Credit	Balance
				37,040
2	Jul 31	39,440		76,480
4	Aug 12		9,280	67,200
7	Sep 19		11,550	55,650
8	Sep 27	19,584		75,234
9	Oct 27		21,250	53,984
10	Nov 20	73,440		127,424

Accounts Receivable
No.	Date	Debit	Credit	Balance
				33,000
5	Aug 22	32,640		65,640
8	Sep 27		19,584	46,056
13	Dec 08	39,440		85,496

Allowance for Uncollectible Accounts
No.	Date	Debit	Credit	Balance
	Jul 17			3,300

Inventory
No.	Date	Debit	Credit	Balance
	Jul 17			0
1	Jul 17	11,550		11,550
3	Jul 31		8,700	2,850
4	Aug 12	9,280		12,130
6	Aug 22		7,490	4,640
9	Oct 27	21,250		25,890
11	Nov 20		18,070	7,820
12	Dec 04	21,240		29,060
14	Dec 08		9,980	19,080
15	Dec 31		8,480	10,600

Equipment
No.	Date	Debit	Credit	Balance
	Jul 17			54,000

Accumulated Depreciation
No.	Date	Debit	Credit	Balance
	Jul 17			28,500

Accounts Payable
No.	Date	Debit	Credit	Balance
	Jul 17			4,600
1	Jul 17		11,550	16,150
7	Sep 19	11,550		4,600
12	Dec 04		21,240	25,840

Interest Payable
No.	Date	Debit	Credit	Balance
	Jul 17			1,200

Income Tax Payable
No.	Date	Debit	Credit	Balance
	Jul 17			15,400

Notes Payable
No.	Date	Debit	Credit	Balance
	Jul 17			48,000

Common Stock
No.	Date	Debit	Credit	Balance
	Jul 17			23,915

Retained Earnings
No.	Date	Debit	Credit	Balance
	Jul 17			35,700
16	Dec 31		96,105	131,805
17	Dec 31	138,020		(6,215)

Service Revenue
No.	Date	Debit	Credit	Balance
	Jul 17			49,000
16	Dec 31	49,000		0

Sales Revenue
No.	Date	Debit	Credit	Balance
	Jul 17			0
2	Jul 31		39,440	39,440
5	Aug 22		32,640	72,080
10	Nov 20		73,440	145,520
13	Dec 08		39,440	184,960
16	Dec 31	184,960		0

Sales Discounts
No.	Date	Debit	Credit	Balance
	Jul 17			440

Interest Revenue
No.	Date	Debit	Credit	Balance
	Jul 17			165
16	Dec 31	165		0

Cost of Goods Sold
No.	Date	Debit	Credit	Balance
				0
3	Jul 31	8,700		8,700
6	Aug 22	7,490		16,190
11	Nov 20	18,070		34,260
14	Dec 08	9,980		44,240
15	Dec 31	8,480		52,720
17	Dec 31		52,720	0

Depreciation Expense
No.	Date	Debit	Credit	Balance
	Jul 17			20,500
17	Dec 31		20,500	0

Supplies Expense
No.	Date	Debit	Credit	Balance
	Jul 17			1,400
17	Dec 31		1,400	0

Salaries Expense
No.	Date	Debit	Credit	Balance
	Jul 17			33,000
17	Dec 31		33,000	0

Bad Debt Expense
No.	Date	Debit	Credit	Balance
	Jul 17			3,300
17	Dec 31		3,300	0

Interest Expense
No.	Date	Debit	Credit	Balance
	Jul 17			2,700
17	Dec 31		2,700	0

Rent Expense
No.	Date	Debit	Credit	Balance
	Jul 17			3,300
17	Dec 31		3,300	0

Income Tax Expense
No.	Date	Debit	Credit	Balance
	Jul 17			15,400
17	Dec 31		15,400	0

Insurance Expense
No.	Date	Debit	Credit	Balance
	Jul 17			5,700
17	Dec 31		5,700	0

Journal entry worksheet

.....

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec 31	Sales Revenue	184,960
	Interest Revenue	165
	Service Revenue	49,000
	Retained Earnings

I can't figure out how to get retained earnings for the entry.