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help, please show all work, the full question is in the photos. Laker Incorporated's fiscal year-end is December 31, 2024. The following is an adjusted
help, please show all work, the full question is in the photos. Laker Incorporated's fiscal year-end is December 31, 2024. The following is an adjusted trial balance as of December 31. Debit $10, 100 Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Totals Accounts Required 1 No 1 Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. 3. Prepare a post-closing trial balance 2 3 Required 2 Required 3 Date December 31, 202 Service Revenue December 31, 202 Complete this question by entering your answers in the tabs below. 29,500 20, 500 Rent Expense Utilities Expense Salaries Expense Advertising Expense December 31, 202 Retained Earnings 2,100 18,100 11, 100 8,100 6,100 $105,600 Dividends Credit $1,100 11,000 30,500 7,100 55,900 $105,600 3000 33 Required 2 > Debit 55,900 2,100 Credit 18,100 X 11,100 8,100 6,100 3300 2,100
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