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1 The following financial information was taken from the books of Zone Health Club, a small spa and fitness club: Account Balances as of
1 The following financial information was taken from the books of Zone Health Club, a small spa and fitness club: Account Balances as of Decenter 31. Year 2 100 points Cash Accounts receivable $25,700 Accounts payable 7,300 Salaries payable 11,200 43,000 Dividends 4,700 Operating expense 2,300 Prepaid rent 3,200 Rent expense 7,300 Retained Earnings 1/1/Year 2 18,600 Salaries expense 30,900 Service revenue 73,020 Supplies Supplies expense Common stock Unearned revenue Land 330 2,248 16,300 7.330 14,200 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 Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. (no entry is required for a transaction/event, select "No journal entry required in the first account field.) View action Check my work
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