Laker Incorporated's fiscal year-end is December 31, 2021. The following is an adjusted trial balance as of December 31 Accounts Debit Credit Cash $ 10,800 Supplies 33,000 Prepaid Rent 24.000 Accounts Payable $ 1,800 Notes Payable 18,000 Common Stock 34,000 Retained Earnings 7.800 Dividends 2.800 Service Revenue 55,200 Salaries Expense 18.800 Advertising Expense 11,800 Rent Expense 3,800 Utilities Expense 6.800 Totale $116,800 $116.800 Required: 1. 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.) View transaction list Journal entry worksheet