Please correct red boxes.

Your answer is partially correct. Try again. Post the closing entries. (Post entries in the order of journal entries presented in the p Retained Earnings No. 301 Date Explanation Ref Debit Credit Balance Jan. 31 Balance 1090010900 Dec. 31 Closing entry 114 Dec. 31 Closing entry 14 7 10 Dividends No. 306 Date Explanation Ref Debit Credit Balance Dec. 31 Balance 7000 Dec. 31 Closing entry J14--1- 70001 Income Summary No. 350 Date Explanation Ref Debit Credit Balance Dec. 31 losing entry 314 50100 Dec. 31 Closing entry 314 61000 Dec. 31 Closing entry 14 10900122 501 No. 400 Date Explanation Ref Debit Credit Balance Dec. 31 Balance61000 61000 Dec. 31 Csingertry 14-6100011? No. 610 Date Explanation Ref Debit Credit Balance Dec. 31 Balance 840084 Dec. 31 Closing entry 14 8400 No. 631 Date Explanation Ref Debit Credit Balance Dec. 31 Balance 4000 40 Dec. 31 Closing entry 314 4000 Date Explanation Ref Dec. 31 Balance Dec. 31 ao sing entry J14 Debit Credit Balance 56005 5600 No. 722 Date Explanation Ref Debit Credit Balance Dec. 31 Balance 3500 3 Dec. 31 Closing entry 314 3500 Salaries and W No. 726 Date Explanation Ref Debit Credit Balance Dec. 31 Balance 28000 2 Dec. 31 Closing entry J14 28000 No. 905 Date Explanation Ref Debit Credit Balance Dec. 31 Balance 600 Dec. 31 Closing entry 314600