Post the closing entries to the T-Accounts on the General Ledger worksheet, and compute ending balances using only retained earnings and closing income summary to retained earnings. What is the difference and how what does it mean to use retained earnings only?

Prepare the closing entries at December 31.

Post the closing entries to the T-Accounts on the General Ledger worksheet, and compute ending balances.

Using Only Retained Earnings then Closing Income Summary into Retained Earnings