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).)

Retained Earnings					No. 320
Date	Explanation	Ref	Debit	Credit	Balance
July 31	select an explanation Close ExpensesClose Net Income/LossClose RevenuesClose DividendsBalance	J15	enter a debit amount	enter a credit amount	enter a balance amount
July 31	select an explanation Close ExpensesClose Net Income/LossClose DividendsBalanceClose Revenues	J15	enter a debit amount	enter a credit amount	enter a balance amount
July 31	select an explanation BalanceClose ExpensesClose RevenuesClose DividendsClose Net Income/Loss	J15	enter a debit amount	enter a credit amount	enter a balance amount
Income Summary					No. 350
Date	Explanation	Ref	Debit	Credit	Balance
July 31	select an explanation Close RevenuesClose Net Income/LossClose DividendsBalanceClose Expenses	J15	enter a debit amount	enter a credit amount	enter a balance amount
July 31	select an explanation Close DividendsBalanceClose RevenuesClose Net Income/LossClose Expenses	J15	enter a debit amount	enter a credit amount	enter a balance amount
July 31	select an explanation BalanceClose DividendsClose Net Income/LossClose RevenuesClose Expenses	J15	enter a debit amount	enter a credit amount	enter a balance amount