The following financial information was taken from the books of Zone Health Club, a small spa and fitness club:

Account Balances as of
December 31, Year 2
Accounts receivable	$	26,600
Accounts payable		7,280
Salaries payable		11,400
Cash		40,200
Dividends		5,200
Operating expense		2,270
Prepaid rent		3,900
Rent expense		7,400
Retained earnings, Beginning		19,200
Salaries expense		32,100
Service revenue		84,300
Supplies		530
Supplies expense		2,890
Common stock		22,000
Unearned revenue		6,710
Land		13,500

Required a. Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. b. What is the balance in the Retained Earnings account after the closing entries are posted?

Required A Required B Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. (If no entr required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet > Record entry to close service revenue. Note: Enter debits before credits. General Journal Debit Credit Event 1 Record entry Clear entry View general journal Required A Required B Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. (If no entr required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry to close expenses. Note: Enter debits before credits. General Journal Debit Credit Event 2 Record entry Clear entry View general journal Required A Required B Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. (If no entr required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry to close Dividends. Note: Enter debits before credits. General Journal Debit Credit Event 3 Record entry Clear entry View general journal Required a. Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. b. What is the balance in the Retained Earnings account after the closing entries are posted? Complete this question by entering your answers in the tabs below. Required A Required B What is the balance in the Retained Earnings account after the closing entries are posted? Retained Earnings, Year 2 Beginning retained earnings Ending retained earnings