The following is a list of accounts and their balances (all normal balances) as of July 31, 2018 for Ling Chan Inc. All adjusting entries have been prepared and posted. Note that the list is in random order. 
InstructionsPrepare the closing journal entries required.
Definitions:
Personal Identity
The concept of self that evolves over time based on experiences and social interactions, encompassing personal characteristics, values, and beliefs that distinguish an individual.
Social Identity
An individual's sense of self, derived from perceived membership in social groups, emphasizing the importance of group affiliations.
Categorization
The process by which ideas and objects are recognized, differentiated, and understood through the assignment of labels or categories.
Diversity
Refers to the inclusion of different types of people (such as people of different races, cultures, genders) in a group or organization.
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