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URGENT!!! HELP PLEASE NOW Laker Incorporated's fiscal year-end is December 31, 2021. The following is an adjusted trial balance as of December 31. Accounts Debit

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URGENT!!! HELP PLEASE NOW

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Laker Incorporated's fiscal year-end is December 31, 2021. The following is an adjusted trial balance as of December 31. Accounts Debit Credit Cash $ 11,300 Supplies 35,500 Prepaid Rent 26,500 Accounts Payable $ 2,300 Notes Payable 23,000 Common Stock 36,500 Retained Earnings 8,300 Dividends 3,300 Service Revenue 54,700 Salaries Expense 19,300 Advertising Expense 12,300 Rent Expense 9,300 Utilities Expense 7,300 Totals $124,800 $124,800 Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/event. select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. December 31, 2021 Record entry Clear entry View general journal

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