Required information

$[$The following information applies to the questions displayed below.$]$

Smile Care Corporation operates dental cilinics that provide services such as teeth whitening and orthodontics. The

following is a list of accounts and amounts $($in millions$)$ reported in Smile Care's accounts for the year ended June $30.$

Accounts Payable

Accounts Receivable

Accumulated Amortization

Accumulated Depreciation

Amortization Expense

Cash

Common Stock

Depreciation Expense

Equipment

Income Tax Expense

Interest Expense

Notes Payable $($long$-$term$)$

Office Expense

Prepaid Rent

Rent Expense

Retained Earnings

Salaries and Wages Expense

Salaries and Wages Payable

Service Revenue

Software

Supplies

Supplies Expense

Required:

Prepare

Frepare the closing entry required at June $30.$ TIP: Th

to debit $($not credit$)$ Retained Earnings for that amount

Note: Entaristion