The accounts of Sunny Stream Service, Inc., at March 31, 2010, are listed in alphabetical order.

Requirements
1. All adjustments have been journalized and posted, but the closing entries have not yet been made. Journalize Sunny Stream€™s closing entries at March 31, 2010.
2. Set up a T-account for Retained Earnings and post to that account. Then compute Sunny Stream€™s net income for 2010. What is the ending balance of Retained Earnings?
3. Did Retained Earnings increase or decrease during the year? What caused the increase ordecrease?

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Accounts payable Accounts receivabl.. Accumulated depreciation- S14,300 Interest expense.... Other a 11,100 Retained earnings, 800 Note payable, long term5,900 14,500 5,700 16,400 1 Advertising expense 7,300 Common stock.6,700 Current portion of note March 31, 2009 22,000 expense... 18,100 Salary payable 2,600 Salary 500 Service reven 94,100 Depreciation expense 2,000 Supplies3,300 30,000 Supplies expense....4,300 2,600 .. Equipment. 42,500Unearned service revenue...