Brief Exercise 4-14 The income statement for the Four Oaks Golf Club Inc. for the month ended July 31 shows Service Revenue $19,550; Salaries and Wages Expense $9,450; Maintenance and Repairs Expense $4,310; and Income Tax Expense $1,280. The statement of retained earnings shows an opening balance for Retained Earnings of $20,260 and Dividends $1,450. Prepare closing journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) uly 31 y 3 July 3 y 3 What is the ending balance in Retained Earnings? Ending balance in Retained Eamings Exercise 4-9 The ledger of Beckett Rental Agency on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. 3,310 2.160 27,600 Equipment Notes Payable Rent Revenue 8,280 19,000 11,800 5,900 Salaries and Wages tspense An analysis of the accounts shows the following 1. The equipment depreciates $310 per month. 4,000 Half of the unearned rent revenue was earned during the quarter 1 Interest of $440 is accrued on the notes payable. 4 Supplies on hand total $910 s Insurance expires at the rate of $240 per month. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 2. 3. Click it you would ike to Show Work for this question Open Show Wark