40 points Laker Incorporated's fiscal year-end is December 31, 2024. The following is an adjusted trial balance as of December 31. Accounta Debit Credit Cash Supplies $10,500 31,500 Prepaid Rent 22,500 Accounts Payable $1,500 00:48:27 Notes Payable 15,000 Common Stock 32,500 Retained Earnings 7,500 Dividends 2,500 eBook Service Revenue 55,500 Salaries Expense 18,500 Hint Advertising Expense 11,500 Rent Expense 8,500 Print Utilities Expense 6,500 Totals $112,000 $112,000 References Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. 3. Prepare a post-closing trial balance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 0:47:50 Required 1 Required 2 Required 3 View transaction list Journal entry worksheet 1 2 3 Book int Print erences Record the entry to close the revenue accounts. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal 4 Retained Earnings 7,500 Dividends 2,500 Service Revenue 55,500 Salaries Expense 18,500 Advertising Expense 11,500 Rent Expense 8,500 40 points Utilities Expense 6,500 Totals $112,000 $112,000 00:47:24 Required: eBook Hint Print References 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. 3. Prepare a post-closing trial balance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the ending balance of Retained Earnings. Retained earnings 40 4 40 points 03 00:46:53 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a post-closing trial balance. LAKER INCORPORATED Post-Closing Trial Balance December 31, 2024 eBook Accounts Debit Credit Hint Print References Totals $ 0 $ 0