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What is the ending balance in the retained earnings? Question B

Brief Exercise 4-14 (Part Level Submission) The income statement for the Four Oaks Golf Club Inc. for the month ended July 31 shows Service Revenue $16,000; Salaries and Wages Expense $8,400; Maintenance and Repairs Expense $2,500; and Income Tax Expense $1,000. The statement of retained earnings shows an opening balance for Retained Earnings of $20,000 and Dividends $1,300. (a) - your answer is correct. Prepare closing journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 Service Revenue 116,000 TIncome Summary F16,000 (To close revenue account) July 31 Income Summary 11900 1Salaries and Wages Expense 773400 Maintenance and Repairs Expense 2500 Income Tax Expense ooo (To close expense accounts) July 319 Income Summary 14100 74100 July 3107 "Retained Earnings (To close net income/(loss) to retained earnings) Retained Earnings Dividends (To close dividends to retained earnings) 1300 1300 *(b) Your answer is incorrect. Try again. What is the ending balance in Retained Earnings? Ending balance in Retained Earnings 21800