A company's fiscal year-end is December 31, Year 1. The following is a partial adjusted trial balance as of December 31. Debit Credit $ 16,000 $ 1,600 36,000 4,600 Accounts Retained Earnings Dividends Service Revenue Interest Revenue Salaries Expense Rent Expense Advertising Expense Depreciation Expense Interest Expense 13,600 4,600 1,600 9,600 3,600 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.) Journal entry worksheet 2 3 Record the entry to close the revenue accounts. Note: Enter debits before credits. General Journal Debit Credit Date December 31, Year 1 Record entry Clear entry View general journal 2. Calculate the ending balance of Retained Earnings. Retained earnings Journal entry worksheet