Irvine Corporation's fiscal year-end is December 31, 2024. The following is a partial adjusted trial balance as of December 31. Accounts Debit Credit Retained Earnings $10,000 Dividends $1,000 Book Service Revenue 30,000 Interest Revenue 4,000 int Salaries Expense 13,000 Rent Expense 4,000 Ask Advertising Expense 1,000 Insurance Expense 9,000 Print Interest Expense 3,000 rences Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. Complete this question by entering your answers in the tabs below. Required 11 Required 2 Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Required 1 Required 2 Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required first account field.) View transaction list Journal entry worksheet < 1 2 3 Record the entry to close the revenue accounts. Note: Enter dbits before credits. Date December 31, 2024 General Journal Debit Credit View general journal Record entry Clear entry ces Irvine Corporation's fiscal year-end is December 31, 2024. The following is a partial adjusted trial balance as of December 31. Accounts Debit Credit Retained Earnings $10,000 Dividends. $1,000 Service Revenue 30,000 Interest Revenue 4,000 Salaries Expense 13,000 Rent Expense 4,000 Advertising Expense 1,000 Insurance Expense 9,000 Interest Expense 3,000 Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the ending balance of Retained Earnings. Retained earnings < Required 1 Required 2