The calendar year-end adjusted trial balance for Blessinger Co. follows:
Required:
(a) Prepare a classified year-end balance sheet. (Note: A $9,000 installment on the long-term note payable is due within one year.)
(b) Prepare the required closing entries.
Definitions:
Biosphere
The biosphere encompasses all ecosystems and living organisms on Earth, along with the physical environments they inhabit.
Identified
Recognized or discovered as being a particular person or thing.
Species
A category of living organisms consisting of similar individuals capable of exchanging genes or interbreeding.
Biologists
Scientists who study living organisms and their relationship to the environment, encompassing various specialties within biological sciences.
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