Closing Entries
an Adjusted Trial Balance for Tiger Limited, at December

question 20

Essay

Closing entries
An Adjusted Trial Balance for Tiger Limited, at December 31 appears below.
Prepare journal entries to close the accounts. Use four entries to: (1) close the revenue account, (2) close the expense accounts, (3) close the Income Summary account, and (4) close the Dividends account. $\begin{array}{|l|l|}\hline \text { Date } & \text { GENERAL JOURNAL } \\\hline\end{array}$

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Definitions:

Product Review Sites

Websites dedicated to the assessment and evaluation of products, providing consumers with opinions and insights.

Independent Blogs

Personal or group blogs not affiliated with larger media companies, often focusing on niche topics and can offer unique, subjective viewpoints on various subjects.

Private Label Brands

Brands owned by a retailer or supplier that is only sold in their own stores, offering an alternative to national brands.

Generic Brands

Products that are marketed without a branded name, often as a lower-cost alternative to named brands.