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Post to the Retained Earnings and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts
Post to the Retained Earnings and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Date Explanation July 31 July 31 July 31 Date Explanation July 31 July 31 July 31 Retained Earnings Ref J15 J15 J15 Income Summary Ref J15 J15 Debit 015 Debit Credit Credit No. 320 Balance No. 350 Balance E
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