2013 song 2021 Question 2 -Class 7 Chapter 3 Closing entries (pte). Com Chapter 3 Closing entries (2 pts.) Saved Help Save & Laker Incorporated's fiscal year-end is December 31, 2021. The following is an adjusted trial balance as of December 31 Credit Debit $ 11,200 35,000 26.000 Accounts Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Totals $ 2,200 22,000 36,000 8,200 54,800 4321 3,200 19,200 12,200 9,200 7,200 $123,200 $123,200 Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 1 > Record the entry to close the revenue accounts Noba: Enter debit before credit Date General Journal Debil Credit education.com Question 2. Class 7 Chapter 3 Closing entries (2 ptal - Connect Assignments: ACCT 2113 Spring 2021 Class 7 Chapter 3 Closing entries (2 pts) Help Save & Exit View transaction ist 2 Journal entry worksheet 1 > points Record the entry to close the revenue accounts. 03:43:08 Note Enter debit before credits General Journal Debit Credit Date December 31 2021 Record entry Clear entry View general journal 2. Calculate the ending balance of Retained Earnings. (Hint: be sure to include the beginning balance of Retained Earnings) Reld 007 ||| || Help View transaction lit 2 Journal entry worksheet 1 3 1 points Record the entry to close the expense accounts. 03:42:56 Note: Enter debits before credits ook Gonoral Journal Dobit Credit Date December 31 2021 Record entry Clear entry View general Journal View transaction ist 2 Journal entry worksheet 2 1 points Record the entry to close the dividends account. 02:42:44 Note: Enter debits before credits Goneral Journal Debit Credit BOOK Date December 31 2021 Record entry Clear entry View general Journal Retained earnings 2 1 points 3. Prepare a post-closing trio balance. (Hint: enter the ending balance in Retained Earnings) 8 00:42:34 LAKER INCORPORATED Pont-Cloning Trial Balance December 31, 2021 Accounts Dobit Credit eBook Totais