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 Accounts payable Salaries payable Cash Dividends Operating expense Prepaid rent Rent expense Retained earnings, Beginning Salaries expense Service revenue Supplies Supplies expense Common stock Unearned revenue Land $ 25,600 7,440 10,700 43,000 4,600 2,260 2,700 7,600 1000 34,000 73,800 400 2,120 24, 200 6,520 13,200 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?

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