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 $ 29,400 Accounts payable 7,810 Salaries payable 11,200 Cash 42,700 Dividends 4,700 Operating expense 2,830 Prepaid rent 3,400 Rent expense 7,100 Retained earnings, Beginning 19,000 Salaries expense 30,400 Service revenue 83,900 Supplies 560 Supplies expense 2,660 Common stock 23,700 Unearned revenue 7,220 Land 14,200 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?

Journal entry worksheet A B > Record entry to close service revenue. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal Retained Earnings, Year 2 Beginning retained earnings Ending retained earnings