Question 4 (Compulsory Question) (25 marks) The following is the adjusted trial balance as of December 31, 2016 of Rashed Photography: Rashed Photography Adjusted Trial Balance December 31, 2016 Account Debit Credit Cash $1,700 Accounts Receivable 8,500 Supplies 100 Equipment 7,500 Accumulated Depreciation Equipment $2,000 Accounts Payable 1.200 Salaries Payable 800 Uneared Revenue 600 Common Stock 3,400 Dividends 2.300 Service Revenue 40,000 Salaries Expense 24,000 Supplies Expense Depreciation Expense-Equipment 1.600 Total $48.000 Requirements: A. Journalize the closing entries for Rashed Photography. B. Compute the ending balance of Retained Earnings (after closing the entries). C. Prepare post closing trial balance at December 31, 2016. 2.300 $48.000