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Laker Incorporateds fiscal year-end is December 31, 2018. The following is an adjusted trial balance...

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Accounting

Laker Incorporateds fiscal year-end is December 31, 2018. The following is an adjusted trial balance as of December 31.

Accounts Debit Credit
Cash $ 11,100
Supplies 34,500
Prepaid Rent 25,500
Accounts Payable $ 2,100
Notes Payable 21,000
Common Stock 35,500
Retained Earnings 8,100
Dividends 3,100
Service Revenue 54,900
Salaries Expense 19,100
Advertising Expense 12,100
Rent Expense 9,100
Utilities Expense 7,100

Totals $ 121,600 $ 121,600

Required:

1. Prepare the necessary closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

2. Calculate the ending balance of Retained Earnings.

3. Prepare a post-closing trial balance

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