The following financial information was taken from the books of Zone Health Club, a small spa...

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The following financial information was taken from the books of Zone Health Club, a small spa and fitness club: Account Balances as of December 31, Year 2 Accounts receivable $ 26,900 Accounts payable 7,540 Salaries payable 11,100 Cash 42,100 Dividends 4,600 Operating expense 2,260 Prepaid rent 2,900 Rent expense 8,000 Retained Earnings 1/1/Year 2 20,400 Salaries expense 33,700 Service revenue 69,230 560 Supplies Supplies expense Common stock Unearned revenue Land Required 2,190 23,300 6,640 15,000 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? Complete this question by entering your answers in the tabs below. Required A Required B Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Chec Required A Required B Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < A B C Record entry to close service revenue. Note: Enter debits before credits. Event 1 General Journal Debit Credit Record entry Clear entry View general journal 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? Complete this question by entering your answers in the tabs below. Required A Required B What is the balance in the Retained Earnings account after the closing entries are posted? Retained Earnings, Year 2 Beginning retained earnings Ending retained earnings The following financial information was taken from the books of Zone Health Club, a small spa and fitness club: Account Balances as of December 31, Year 2 Accounts receivable $ 26,900 Accounts payable 7,540 Salaries payable 11,100 Cash 42,100 Dividends 4,600 Operating expense 2,260 Prepaid rent 2,900 Rent expense 8,000 Retained Earnings 1/1/Year 2 20,400 Salaries expense 33,700 Service revenue 69,230 560 Supplies Supplies expense Common stock Unearned revenue Land Required 2,190 23,300 6,640 15,000 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? Complete this question by entering your answers in the tabs below. Required A Required B Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Chec Required A Required B Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < A B C Record entry to close service revenue. Note: Enter debits before credits. Event 1 General Journal Debit Credit Record entry Clear entry View general journal 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? Complete this question by entering your answers in the tabs below. Required A Required B What is the balance in the Retained Earnings account after the closing entries are posted? Retained Earnings, Year 2 Beginning retained earnings Ending retained earnings