Exercise 3-18A Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) Laker Incorporated's fiscal year-end is December 31, 2021. The following is an adjusted trial balance as of December 31. Debit Credit $ 12,000 39,000 30,000 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 53,000 30,00 40,000 9.00 4,000 50,000 20,000 13,000 10,000 18,000 $ 136,000 $136,000 Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, selec Required in the first account field.) View transaction list Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits General Journal Debit Date December 31 2021 Credit Record entry Clear entry View general Journal 2. Calculate the ending balance of Retained Earnings. Retained earnings 3. Prepare a post-closing trial baktace. LAKER INCORPORATED Post-Closing Trial Balance December 31, 2021 Accounts Debit Credit Totals $ 5 0