The accounts of Meadowbrook Services, Inc., at January 31, 2021, are listed in alphabetical order. (Click the icon to view the accounts.) Read the requirements. Requirement 1. All adjustments have been journalized and posted, but the closing entries have not yet been made. Journalize Meadowbrook's closing entries at January 31, 2021. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the closing entries for Meadowbrook at January 31, 2021. Begin by closing the revenue account. Date (1) Jan 31 Service Revenue Retained Earnings Next, close the expense accounts. Date (2) Jan 31 Retained Earnings Advertising Expense Journal Entry Accounts Debit Credit 95,500 95,500 Journal Entry Accounts Debit Credit 46,300 Depreciation Expense Interest Expense Salary Expense Supplies Expense Now close the dividends account. Data table Accounts payable $ 10,000 Interest expense $ 200 Accounts receivable 1,000 Note payable, long term 15,600 Accumulated depreciation, equipment 7,100 Other assets, long-term 13,900 Advertising expense 11,200 Prepaid expenses 5,000 Cash 22,000 Retained earnings, January 31, 2020 13,700 11,200 Common stock 1,500 Salary expense 27,800 2,100 200 27,800 Current portion of long-term note payable 2,200 Salary payable 2,000 5,000 Depreciation expense-equipment Dividends declared Equipment 2,100 Service revenue 95,500 13,000 Supplies 6,400 43,000 Supplies expense 5,000 Unearned service revenue 3,000 Journal Entry Date Accounts Debit Credit (3) Jan 31 Retained Earnings 13,000 Dividends 13,000 Print Done Requirement 2. A T-account for Retained Earnings has been set up for you. Post to that account. Then calculate Meadowbrook's net income for the year ended January 31, 2021. What is the ending balance of Retained Earnings? 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 ending balance. Retained Earnings