The accounts of Sunny Stream Services Ltd at March 31, 2020, are listed in alphabetical order (Click the icon to view the accounts.) Requirements 1. All adjustments have been journalized and posted, but the closing entries have not been made Journalize Sunny Stream Lid's closing entries at March 31, 2020 2. A T-account for Retained Earnings has been set up for you. Post to that account. Then compute Sunny Strean's not income for the year ended March 31, 2020 What is the ending balance of Retained Earnings? 3. Did Retained Earnings increase or decrease during the year? What caused the increase of the decrease? Requirement 1. Al adjustments have been joumalized and posted, but the closing entries have not been made Joumaize Sunny Steam Lid's closing entries at March 31, 2020. (Record debits first, then credits. Enter explanations on the last line) Record the closing entries for Sunny Stream at March 31, 2020 Begin by closing the revenge account Journal Entry Debu Date Accounts Credit (1) March 31 Choose from any ist or enter any number in the input ids and then continue to the next question 02 - X i Accounts $ $ e ou ea is the 6,000 13,900 5,000 po B1, 202 02 Accounts payable Accounts receivable Accumulated depreciation -equipment Advertising expense Cash Current portion of note payable Depreciation expense Dividends. Equipment 22,000 17,500 14,000 Note payable, long term 16,700 Other assets Prepaid expenses 6,500 Retained earnings, 11,200 March 31, 2019 7.500 Salary expense Salary payable 700 Service revenue 1,800 Share capital 35,000 Supplies 43,000 Supplies expense 300 Unearned service revenue tr 2,700 99.000 5,400 3.400 4.700 3,700 Insurance expense -lds Print Done