Post the closing entries to Income Summary Retained Earnings

Riverbed Company Worksheet (Partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,500 7,980 Accounts Receivable Prepaid Rent 2,020 Equipment 22,700 Accumulated Depreciation-Equip. 5,500 5,600 Notes Payable (due in October 2022) Accounts Payable 4,500 Common Stock 20,780 Retained Earnings 8,050 Dividends 3,850 16,000 10,980 800 Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable 600 60 60 Totals 60,490 60,490 Your answer is partially correct. Post the closing entries to Income Summary and Retained Earnings. (Post entries in the order of journal entries were recorded in the previous part of the question.) Income Summary (2) 12,440 (1) v 16,000 (3) 3,560 Bal. 3,560 Retained Earnings (4) 3,850 Bal. (3) 3,560 Bal. 1