Exercise 4 - Record closing entries using the following excerpts from Your Co's adjusted trial balance (remember to "REID" your notes). Accounts Payable Accounts Receivable 270 180 Prepaid Rent Rent Expense 45 135 Advertising Expense 45 Retained Earnings 180 Cash 90 Service Revenue 810 Common Stock Dividends Note Payable 585 Unearned Revenue 225 90 Wage Expense 270 315 Wages Payable 27 Date Account Dr. Cr. 31-Dec X X X X XXXX X X X X X X X X X X X X X X (Closing Entries) A) How much was net income for the period? B) How much did retained earnings change over the period? X 3 4 5 6 8 9 ready