Accounts Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Required: Debit $15,000 165,000 Credit 6,000 33,000 280,000 $15,000 14,000 6,000 43,000 315,000 66,000 515,000 403,000 23,000 43,000 6,000 $974,000 $974,000 1. Record the necessary closing entries at December 31, 2024. 2. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Record the necessary closing entries at December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No 1 Date December 31, 2024 General Journal Service Revenue Retained Earnings December 31, 2 Retained Earnings 2024 Salaries Expense Rent Expense Utilities Expense Interest Expense Debit Credit 515,000 515,000 403,000 23,000 43,000 6,000 The December 31, 2024, adjusted trial balance for Coyote Corporation is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Debit Credit $15,000 165,000 6,000 33,000 280,000 $15,000 14,000 6,000 43,000 315,000 66,000 515,000 403,000 23,000 43,000 6,000 $974,000 $974,000 Required: 1. Record the necessary closing entries at December 31, 2024. 2. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a post-closing trial balance. COYOTE CORPORATION Post-Closing Trial Balance December 31, 2024 Accounts Debit Credit Cash $ 15,000 Accounts Receivable 165,000 Prepaid Rent 6,000 Supplies 33,000 Land 280,000 Accounts Payable 15,000 Salaries Payable 14,000 Interest Payable 6,000 Notes Payable Common Stock Retained Earnings 43,000 315,000 Totals $ 499,000 $ 393,000