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

Account Balances as ofDecember 31, Year 2Accounts receivable$ 25,200Accounts payable7,670Salaries payable10,900Cash43,900Dividends5,100Operating expense2,340Prepaid rent2,600Rent expense7,100Retained Earnings 1/1/Year 218,900Salaries expense33,400Service revenue73,760Supplies420Supplies expense2,100Common stock17,100Unearned revenue7,330Land13,500

Required

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

Journal entry worksheet A B C Record entry to close service revenue. Note: Enter debits before credits. Journal entry worksheet Record entry to close Dividends. Note: Enter debits before credits. 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. What is the balance in the Retained Earnings account after the closing entries are posted? Journal entry worksheet Record entry to close expenses. Note: Enter debits before credits