Smile Care Corporation operates dental clinics 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 $30.$

Required:

Prepare the closing entry required at June $30.$ TIP: The company reported a net loss of $$86$ this year, so the closing entry will need

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

Note: Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).$ If no entry is required for a transaction or event,

select $"$No Journal Entry Required" in the first account field.

Journal entry worksheet

$(1$

Required information

Journal entry worksheet

$1$

Record the closing entry on June $30.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit,$],[$June $30,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,]]$

Smile Care Corporation operates dental clinics 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 $30.$

Required:

Prepare the closing entry required at June $30.$ TIP: The company reported a net loss of $$86$ this year, so the closing entry will need

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

Note: Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).$ If no entry is required for a transaction or event,

select $"$No Journal Entry Required" in the first account field.

Journal entry worksheet