Fill in the following table.
Definitions:
Retained Earnings
The cumulative net income of a company that is retained within the company for reinvestment, rather than being paid out as dividends.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances in temporary accounts to permanent accounts, preparing the books for the next period.
Zero Balance
Zero balance describes an account status in which the available balance is exactly zero, indicating no funds are currently available or outstanding.
Current Assets
Assets that are expected to be converted into cash, used, or consumed within one year or the operating cycle, whichever is longer.
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