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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 1 Accounts receivable $ 28,500 Accounts payable 7,200 Salaries payable 10,600 Cash 42,000 Dividends 5,100 Operating expense 2,730 Prepaid rent 3,100 Rent expense 7,300 Retained Earnings 1/1/Year 1 19,400 Salaries expense 32,800 Service revenue 78,600 Supplies 560 Supplies expense 2,029 Common stock 24,600 Unearned revenue 6,910 Land 13,800 Required a. Prepare the journal entries necessary to close the temporary accounts at December 31, Year 1, for Zone Health Club b. What is the balance in the Retained Earnings account after the closing entries are posted? View transaction list 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 Required a. Prepare the journal entries necessary to close the temporary accounts at December 31, Year 1, 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. Required A Required B What is the balance in the Retained Earnings account after the closing entries are posted? Retained Earnings, Year 1 Beginning retained earnings Ending retained earnings Required A

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