Laker Incorporated's fiscal year$-$end is December $31,2024.$ The following is an adjusted trial balance as of December $31.$ Required $1$

Journal entry worksheet

$1$

$2$

$3$

Record the entry to close the revenue accounts.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$December $31,2024,,,],[,,,],[,,,],[,,,],[,,,]]$ Calculate the ending balance of Retained Earnings.

Retained earnings Required $1$

Required $2$

Required $3$

Prepare a post$-$closing trial balance.

Required:

Prepare the necessary closing entries.

Calculate the ending balance of Retained Earnings.

Prepare a post$-$closing trial balance