The accounts of Puzzler Services, Inc., at January 31, 2018, are listed in alphabetical order. (Click the icon to view the accounts.) Read the requirements. Data Table Requirement 1. All adjustments have been journalized and posted, but the closing entries have not January 31, 2018. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the closing entries for Puzzler at January 31, 2018. Begin by closing the revenue account. Journal Entry Date Accounts Debit Credit (1) Jan 31 Next, close the expense accounts. Journal Entry Date Accounts Debit Credit Accounts Interest payable ....... $12,800 expense ....$ 700 Accounts Note payable, receivable ..... 16,500 long term ... 16,200 Accumulated Other assets, depreciation, long-term ... 14,300 Prepaid equipment. 7,500 expenses ... 6,100 Advertising Retained expense ...... 10,900 earnings, January 31, Cash ......... 17,400 2017 ... . 13,800 Salary Common stock. 2,800 expense ....26,600 Current portion Salary of long-term ... payable .... 3,500 Service note payable 1,900 revenue ... .97,000 Depreciation expense- equipment..... 1,700 Supplies .... 3,600 Dividends Supplies declared ...... 13,000 expense .... 4,300 Unearned service Equipment .... 43,200 revenue .... 2,800 (2) Jan 31 Now close the dividends account. Journal Entry Date Accounts (3) Debit Credit Jan 31 Print Done Requirement 2. A T-account for Retained Earnings has been set up for you. Post to that account. Then calculate Puzzler's net income for the year ended January 31, 2018. 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 The net income for 2018 was $ D . Requirement 3. Did Retained Earnings increase or decrease during the year? What caused the increase or decrease? Retained Earnings V during 2018 because