Exercise 3-18B Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) A company's fiscal year-end Is December 31, Year 1. The following is an adjusted trial balance as of December 31. Credit Debit $ 10, 200 30,000 21,000 Accounts Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Totalo $ 1,200 12,000 31,000 7,200 2,200 55,800 18,200 11,200 8,200 6,200 $107,200 $107,200 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 at Journal entry worksheet 1 3 Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Jo Required" in the first account field.) View transaction list Journal entry worksheet