Check my work The following financial information was taken from the books of Zone Health Club, a small spa and fitness club: 04:15:08 Account Balances as of December 31, Year 2 Accounts receivable Accounts payable Salaries payable Cash Dividends Operating expense Prepaid rent Rent expense Retained Earnings 1/1/Year 2 Salaries expense Service revenue Supplies Supplies expense Common stock Unearned revenue Land $ 25, 200 7,970 11,200 40,200 4,900 2,910 3,700 7,500 19,000 33,300 74,470 330 2,990 15,000 7,390 14,000 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? 1 Journal entry worksheet Record entry to close service reve evenue. 8 04:13:34 Note: Enter debits before credits. Credit Event 1 General Journal Service revenue Retained earnings Debit 74,470 74,4701 Record entry Clear entry View general journal Required A Required B > 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 $ Add: Revenue Less: Expenses Less: Dividends Ending retained earnings $ 19,000 74,4701 (46,700) (4,900) 24,770