Given the following year end balances for Guest Inc.as of December 31,2017,prepare the closing entries for Guest.
Definitions:
Companionate Love
The strong affection for those with whom our lives are deeply involved.
Intimacy And Commitment
Key components of love relationships, where intimacy involves feelings of closeness and attachment, and commitment refers to the decision to maintain that relationship over time.
Triangular Theory
A psychological theory that describes love in terms of three components: intimacy, passion, and commitment, as proposed by psychologist Robert Sternberg.
Infatuated Love
A state of intense, often short-lived romantic attraction focused more on physical attraction and obsession than deep emotional connection.
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