Journal entry worksheet

A B

C

Record the closing entry for dividends.

Note: Enter debits before credits.

$\backslash$begin$\{$tabular$\}\{|$c$|$l$|$l$|$l$|\}$

$\backslash$hline Event & General Journal & Debit & Credit $\backslash \backslash$

$\backslash$hline $3$ & & & $\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$ Journal entry worksheet

A

$\backslash (\backslash$square $\backslash )$

Record the closing entry for expenses.

Note: Enter debits before credits.

$\backslash$begin$\{$tabular$\}\{|$c$|$l$|$l$|$l$|\}$

$\backslash$hline Event & General Journal & Debit & Credit $\backslash \backslash$

$\backslash$hline $2$ & & & $\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$ Journal entry worksheet

$$

A

B

C

Record the closing entry for revenues.

Note: Enter debits before credits.

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|\}$

$\backslash$hline S$.$No$/$Date & Account Title & Debit & Credit $\backslash \backslash$

$\backslash$hline $1$ & Service Revenue & & $\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline & P & & $\backslash \backslash$

$\backslash$hline & P & & $\backslash \backslash$

$\backslash$hline & F & & $\backslash \backslash$

$\backslash$hline & $?$ & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

$\backslash (\backslash$square $\backslash )$

$\backslash (\backslash$square $\backslash )$ The following financial information was taken from the books of Zone Health Club, a small spa and fitness club.

Required

a$.$ Prepare the journal entries necessary to close the temporary accounts at December $31,$ Year $2,$ for Zone Health Club.

b$.$ What is the balance in the Retained Earnings account after the closing entries are posted?