Answer to part 1,2,3

The ascounts of Red River Services. Inc., at January 31, 2021, are listed in alphabetical order. (Click the ioon to view the accounts.] Road the rocuirements: Requirement 1. All adjustments have been joumalized and posied, but the closing entries have not yet been made. Joumaitze fad River's closing antries at January 3i. 2021. (Record debits first, then credits. Exclude explanations from any joumal entries.) Record the olosing entries for Red River at January 31, 2021. Begin by closing the revenue account. reext, erose the expense acopurts: The accounts of Red River Services, Inc, at January 31, 2021, are listed in alphabetical order, (Click the icon to view the accounts.) Read the reguirements. Next, close the expense accounts. Now close the dividends account. The accounts of Red River Services, Inc, at January 31, 2021, are listed in alphabetical order. (Click the icon to view the accounts.) Read the requirements: Now close the dividends account. Requirement 2. A T-account for Retained Earnings has been sot up for you. Post to that account. Then calculate Red Rivers net inceme for the year ended January 31, 2021. What is the ending balance of Retained Eamings? Post the beginning balance and closing entries to Retained Earnings in the T-account by selecting the respective posting references and then entering the correct amounts. Determine the endind balance. The accounts of Red River Services, Inc., at January 31, 2021, are listed in alphabetical order. (Click the icon to view the accounts.) Read the recuirements. Post the beginning balance and closing entries to Retained Earnings in the T-account by selecting the respective posting references and then antering the eorrect amcunts. Determine the ending balance. The net income for 2021 was Requirement 3. Did Retained Eamings increase or decrease during the year? What caused the increase or decrease? Retained Earnings during 2021 because eU