Please help me fill both of these out. I cannot figure this question out. Thank you. 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 receivableAccounts payableSalaries payableCashDividendsOperating expensePrepaid rentRent expenseRetained Earnings 1/1/Year 2Salaries expenseService revenueSuppliesSupplies expenseCommon stockUnearned revenueLandRequired ARequireda. 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 B$ 26,3007,69010,60041,100.4,800Complete this question by entering your answers in the tabs below.2,9303,2007,30018,30032,40073,300Beginning retained earnings5102,82019,8006,67015,000Ending retained earningsWhat is the balance in the Retained Earnings account after the closing entries are posted?Retained Earnings, Year 2 Required A Required BPrepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club. (If no entry isrequired for a transaction/event, select "No journal entry required" in the first account field.)View transaction listJournal entry worksheet< ABRecord entry to close service revenue.Event1CNote: Enter debits before credits.Record entryGeneral JournalClear entry< Required ADebitCreditView general journalRequired B >>

The service revenue received is to be transferred to retained earnings account.

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 2 Accounts receivable Accounts payable Salaries payable. Cash Dividends Operating expense Prepaid rent Rent expense Retained Earnings 1/1/Year 2 Salaries expense Service revenue Supplies Supplies expense Common stock Unearned revenue. Land Required A Required B $ 26,300 7,690 10,600 41,100. 4,800 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? 2,930 3,200 7,300 Complete this question by entering your answers in the tabs below. Beginning retained earnings 18,300 32,400 73,300 Ending retained earnings 510 2,820 19,800 6,670 15,000 What is the balance in the Retained Earnings account after the closing entries are posted? Retained Earnings, Year 2