The adjusted ledger accounts of RD Consulting on December 31,2016,appear as follows.All accounts have normal balances and adjusting entries have been made.Extend the balances to the Balance Sheet and Income Statement columns of the worksheet.Then,journalize the closing entries on page 4 of a general journal. 
Definitions:
Society's Interests
The collective concerns or priorities of a community or population, often related to welfare, health, and economic prosperity.
Self-Interest
An individual's personal gain or advantage, often considered as a driving force behind economic activity and decision-making.
Market System
In this economic framework, the determination of investment, manufacturing, and allocation follows the principles of supply and demand, allowing prices for goods and services to be set freely within an open pricing system.
Allocates Resources
the process of distributing available resources among various uses to achieve optimal outcomes or objectives.
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