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*all one question* Exercise 13-21A (Algo) Preparing closing entries LO 13-4 The following financial information was taken from the books of Zone Health Club, a

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Exercise 13-21A (Algo) Preparing closing entries LO 13-4 The following financial information was taken from the books of Zone Health Club, a small spa and fitness club: Account Balances as ot December 31, Year 2 Accounts receivable $ 29,900 Accounts payable 7.910 Salaries payable 10,800 Cash 42,000 Dividends 5,300 Operating expense 2,000 Prepaid rent 3,700 Rent expense 7.900 Retained Earnings 1/1/Year 2 19,500 Salaries expense 30,000 Service revenue 75, 310 Supplies 300 Supplies expense 2,260 Common stock 16,500 Unearned revenue 6,640 Land 13,300 Required a. Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Heaith Club. b. What is the balance in the Retained Earnings account after the closing entries are posted? Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Z required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record entry to close service revenue. Note: Enter debits before credits. Event General Journal Debit Credit 1 View transaction list Journal entry worksheet Record entry to close expenses. Note: Enter debits before credits Event General Journal Dobit Credit 2 Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health C required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet b. What is the balance in the Retained Earnings account after the closing entries are pc 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

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