The accounts of Meadowbrook Services, Inc., at January 31, 2018, are listed in alphabetical order. E(Click the icon to view the accounts.) Data Table Read the requirements Accounts payable.. Interest expense. . ... .. . . . $ 12.200 300 Requirements Accounts receivable Note payable, long term. . . . . . 17,000 15,500 Accumulated depreciation, Other assets, long-term 13,500 equipment 7,200 Prepaid expenses 5.500 1. All adjustments have been journalized and posted, but the closing entries have not yet been made. Jounalize Meadowbrook's closing entries at January 31, 2018. Retained earnings, Advertising expense 10,600 17,400 January 31, 2017 Cash 13,000 2. T-account for Retained Eamings has been set up for you. Post to that account. Then calculate Meadowbrook's net income for the year ended January 31, 2018. What is the ending balance of Retained Earnings? Common stock. 27,800 1,000 Salary expense Salary payable Current portion of long-term 3.500 3. Did Retained Eamings increase or decrease during the year? What caused the increase the decrease? note payable 1,300 Service revenue 97,000 Depreciation expense-equipment.. 1.500 Supplies........ 3.000 10.000 Supplies expense Dividends declared 4,900 Print Done Equipment.... . . Unearned service revenue 42,800 3.600 .. . ... Requirement 1. All adjustments have been journalized and posted, but the closing entries have not yet been made. Joumalize Meadowbrook's closing entries at January 31, 2018. (Record debits first, then credits. Exclude explanations from any journal entrie closing the revenue account Record the closing entries r Meadowbrook at January 31, 2018. Begin Journal Entry Accounts Date Debit Credit (1) Jan 31 Next, close the expense accounts. Journal Entry Date Accounts Debit Credit (2) Jan 1 Now close the dividends account. Journal Entry Date Accounts Debit Credit (3) Jan 31 Retained Earnings has been set up for you. Post to that account. Then calculate Meadowbrook's net income for the year ended January 31, 2018. What is the ending balance of Retained Eamings? Requirement 2. A T-account Post the beginning balance and closing entries to Retained Eamings in the T-account by selecting the respective posting references and then entering the correct amounts. Determine the ending balance Retained Earnings was $ The Requirement 3. Did Retained Earnings increase or decrease during the year? What caused the increase or decrease? Retained Earnings during 2018 because