Question: (b) Your answer is incorrect. What is the ending balance in Retained Earnings? Ending balance in Retained Earnings Prepare closing journal entries, (List all debit

Retained Earnings? Ending balance in Retained Earnings Prepare closing journal entries, (List

all debit entries before credit entries. If no entry is required, select

(b) Your answer is incorrect. What is the ending balance in Retained Earnings? Ending balance in Retained Earnings Prepare closing journal entries, (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles The income statement for the Monty Golf Club Inc, for the month ended July 31 shows Service Revenue $16,880, Salaries and Wages Expense \$9,410, Maintenance and Repairs Expense \$3,320, and Income Tax Expense \$1,380. The statement of retained earnings shows an opening balance for Retained Earnings of $24,630 and Dividends $2,000

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