Laker Incorporated's fiscal year-end is December 31, 2024. The following is an adjusted trial balance as of December 31. Accounts. Debit Credit Cash $11,600 Supplies 37,000 Prepaid Rent 28,000 Accounts Payable $2,600 Notes Payable 26,000 Common Stock 38,000 Retained Earnings 8,600 Dividends 3,600 Service Revenue 54,400 Salaries Expense 19,600 Advertising Expense 12,600 Rent Expense 9,600 Utilities Expense 7,600 Totals: $129,600 $129,600 Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. 3. Prepare a post-closing trial balance 1 2 3 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet < 1 2 3 Record the entry to close the expense accounts. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Journal entry worksheet < 1 2 3 Record the entry to close the dividends account. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal Service Revenue 54,400 Salaries Expense 19,600 Advertising Expense 12,600 Rent Expense 9,600 Utilities Expense 7,600 $129,600 $129,600 Totals 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. Required 1 Required 2 Required 3 Calculate the ending balance of Retained Earnings. Retained earnings Required 1 Required 2 Required 3 Prepare a post-closing trial balance. LAKER INCORPORATED Post-Closing Trial Balance December 31, 2024 Accounts Debit Credit Totals $ 0 $