Seminoles Corporation's fiscal year-end is December 31, 2024. The following is a partial adjusted trial balance as of December 31. Accounts Retained Earnings Debit Credit $30,000 Dividends $3,000 Service Revenue Interest Revenue 50,000 6,000 Salaries Expense 15,000 Rent Expense 6,000 Advertising Expense 3,000 Insurance Expense 11,000 Interest Expense 5,000 Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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.) View transaction list Journal entry worksheet 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 < Required 1 Required 2 > > Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the ending balance of Retained Earnings. Retained earnings < Required 1 Required 2 >