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  3. he following financial information was taken from

he following financial information was taken from the books of Zone Health Club, a small...

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Accounting

he 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 $ 27,500
Accounts payable 7,870
Salaries payable 10,700
Cash 40,200
Dividends 5,000
Operating expense 2,230
Prepaid rent 3,700
Rent expense 7,700
Retained earnings, Beginning 20,100
Salaries expense 30,700
Service revenue 73,200
Supplies 540
Supplies expense 2,690
Common stock 23,800
Unearned revenue 7,250
Land 14,600

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 a. record entry to close service revenue

required b. record entry to close expenses

required c. record entry to close dividends

2. what is the balance in retained earnings account after the entries are posted?

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