! Required information Problem 3-6A Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) [The following information applies to the questions displayed below.) The year-end financial statements of Rattlers Tax Services are provided below. $70,500 RATTLERS TAX SERVICES Income Statement Service revenue Expenses: Salaries $44,600 Utilities 6,800 Insurance 4,400 Supplies 1,400 Net income 57,200 $13,300 RATTLERS TAX SERVICES Statement of Stockholders' Equity Common Retained Stock Earnings Beginning balance, Jan. 1 $46,000 $23,100 Issue stock Net income 13,300 Dividends (4,600) Ending balance, Dec. 31 $62,000 $31,800 16,000 Total Stockholders Equity 69,100 16,000 13,300 (4,600) $93,800 $ 5,300 Assets Cash Accounts receivable Land $ 3,300 5,800 90,000 RATTLERS TAX SERVICES Balance Sheet Liabilities Accounts payable Stockholders' Equity: Common stock Retained earnings Total liabilities and equities $62,000 31,800 93,800 $99, 100 Total assets $99, 100 Problem 3-6A Part 1 Problem 3-6A Part 1 Required: 1. Record year-end 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 Record the entry to close the expense accounts. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal Journal entry worksheet