Exercise 3-21A (Algo) Preparing closing entries LO 3-4

The following financial information was taken from the books of Zone Health Club, a small spa and fitness club.

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? Complete this question by entering your answers in the tabs below. Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. (If no required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the closing entry for expenses. Note: Enter debits before credits. Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. . What is the balance in the Retained Earnings account after the closing entries are posted? Complete this question by entering your answers in the tabs below. What is the balance in the Retained Earnings account after the closing entries are posted