Laker Incorporated's fiscal year-end is December 31, 2024. The following is an adjusted trial balance as of December 31. Debit $11, 700 Accounts Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Totals Required 1 Required 2 Required 3 View transaction list Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. 3. Prepare a post-closing trial balance Journal entry worksheet 1 37,500 28,500 2 3,700 3 19,700 12,700 9,700 7,700 $131, 200 Complete this question by entering your answers in the tabs below. Credit Record the entry to close the revenue accounts. $2,700 27,000 38,500 8,700 54,300 $131, 200

Laker incorporated's fiscal year end is December 31, 2024. The following is an adjusted trial balance as of December 31 Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. 3. Prepare a post-closing trial balance Complete this question by entering your answers in the tabs below. Journal entry worksheet 3 Record the entry to close the revenue accounts. Laker Incorporated's fiscal year-end is December 31,2024. The following is an adjusted trial balance as of December 31 . Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. 3. Prepare a post-closing trial balance Complete this question by entering your answers in the tabs below. Journal entry worksheet 3 Record the entry to close the expense accounts. Exercise 3-18 (Algo) Record closing entrles and prepare a post-closing trial balance (LO3-6, 3-7) Laker Incorporated's fiscal year-end is December 31, 2024. The following is an adjusted trial balance as of December 31. Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. 3. Prepare a post-closing trial balance Complete this question by entering your answers in the tabs below. Prepare a post-closing trial balance. Laker Incorporated's fiscal year-end is December 31, 2024. The following is an adjusted trial balance as of Decernber 31. Required: 1. Prepare the necessary closing entries. 2. Caiculate the ending balance of Retained Earnings. 3. Prepare a post-closing trial balance Complete this question by entering your answers in the tabs below. Journal entry worksheet 1 Record the entry to close the dividends account. Exercise 3-18 (Algo) Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) Laker Incorporated's fiscal year-end is December 31, 2024. The following is an adjusted trial balance as of December 31. Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. 3. Prepare a post-closing trial balance Complete this question by entering your answers in the tabs below. Calculate the ending balance of Retained Earnings