Following is the year-end adjusted trial balance for Fred's Corner Grocery, Inc. for the current year: Required:
Prepare the closing entries at December 31 for the current year.

Question

Following is the year-end adjusted trial balance for Fred's Corner Grocery, Inc. for the current year:  Required:
Prepare the closing entries at December 31 for the current year.

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The Answer of Following is the year-end adjusted trial balance for Fred's Corner Grocery, Inc. for the current year:  Required:
Prepare the closing entries at December 31 for the current year.

Following Is the Year-End Adjusted Trial Balance for Fred's Corner