Exercise 3-19 (Algo) Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) The December 31, 2024, adjusted trial balance for Badger 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 Required: Debit $20,000 Credit 185,000 5,000 37,000 300,000 $19,000 10,000 5,000 47,000 335,000 74,000 535,000 407,000 27,000 47,000 5,000 $1,033,000 $1,033,000 1. Record the necessary closing entries at December 31, 2024. 2. Prepare a post-closing trial balance. 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 Journal entry worksheet 2 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2024 Service Revenue Retained Eamings 4 Record entry Clear entry View general journal Journal entry worksheet < 1 2 Record the entry to close the expense accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2024 Retained Earnings Salaries Expense Rent Expense Utilities Expense Interest Expense Record entry Clear entry View general Journal BARBER CORPORATION Post-Closing Trial Balance December 31, 2024 Accounts Debit Credit Totals $ 0 $ 0