The following financial information was taken from the books of Zone Health Club, a small spa and fitness club: Accounts receivable Accounts payable Salaries payable Cash Dividends Operating expense Prepaid rent Rent expense Account Balances as of December 31, Year 2 Retained Earnings 1/1/Year 2 Salaries expense Service revenue Supplies Supplies expense Common stock Unearned revenue Land Required A 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 B Complete this question by entering your answers in the tabs below. View transaction list A Journal entry worksheet $ 29,900 7,720 10,600 41,300 5,000 2,430 4,000 7,100 Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. 19,600 32,400 71,950 Record entry to close service revenue. 300 2,990 23,000 7,250 14,700 > < Prev 1 of 6 # Next > Required A Required B Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < A B Record entry to close service revenue. Event 1 Note: Enter debits before credits. Record entry General Journal Clear entry < Required A Debit Credit View general journal Required B > > Salaries payable Cash Dividends Operating expense Prepaid rent Rent expense Retained Earnings 1/1/Year 2 Salaries expense Service revenue Supplies Supplies expense Common stock Unearned revenue Land 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 10,600 41,300 5,000 2,430 4,000 7,100 1 19,600 32,400 71,950 300 2,990 23,000 7,250 14,700 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 < Required A Required B >