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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. Required: 1. Prepare the necessary closing

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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. 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 the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet repare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the irst account field.) Journal entry worksheet Note: Enter debits before credits. 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.) Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. Prepare the necessary closing entries. (If no entry is required for a particular trensactionvevent, select "No lournal Entry Required" in the irst account field.) Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits

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