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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 $10,800
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 $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 2,000 Service Revenue 55,200 Salaries Expense 18,800 Advertising Expense 11,800 Rent Expense 8,800 Otilities Expense 6,800 $116,000 $116,800 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 View transaction list Journal entry worksheet 2 [2] # 73 SO F3 W E $ 54 < Prev 10 of 15 Next > % 5 MacBook Air 66 7 2F & .00 ' 8 9 R T Y U J - D K B N M S D F G H x C >
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