Help Save & Exit Submit 2 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. Accounts 2 Cash points Debit $10,600 Credit Notes Payable Seferences Supplies Prepaid Rent Accounts Payable Common Stock Retained Earnings Dividends 32,000 23,000 $1,600 16,000 33,000 7.600 2,600 Service Revenue 55.400 Salaries Expense 18,600 Advertising Expense 11,600 Rent Expense 8,600 Utilities Expense 6,600 Totals $113,600 $113.600 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 Journal entry worksheet