Use the following income statement for the year 2021 for Belle Company to prepare entries to close the revenue and expense accounts for the company. 
Definitions:
Explosive Eruptions
Volcanic eruptions characterized by the violent expulsion of gases, lava, and rock fragments from a volcano.
Nonexplosive Eruptions
Volcanic eruptions characterized by the effusive emission of lava flows with minimal airborne ash and fragmental material.
Single Volcano
A solitary mountain or hill typically characterized by a crater or vent through which lava, rock fragments, hot vapor, and gas are being or have been expelled.
Pyroclastic Flow
a fast-moving current of hot gas and volcanic matter (such as ash) that moves away from a volcano during an explosive eruption.
Q19: Inventories are defined by IFRS as items
Q37: Horizontal, vertical, and circular analyses are the
Q53: Which of the following are the same
Q58: Accrued revenues are revenues that have been
Q68: A post-closing trial balance is prepared<br>A)after closing
Q82: An error has occurred in the closing
Q86: The operating cycle of a company is
Q87: Horizontal analysis is a technique for evaluating
Q156: An account is often referred to as
Q180: The time period assumption states that the