Closing entries
An Adjusted Trial Balance for Tiger Inc.,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. 
Definitions:
Brainstorming Tasks
Involves generating creative ideas and solutions within a group setting, without judgment or criticism during the initial phase.
Dominant Leader
An individual in a leadership position who exerts authority and control, often taking charge of decision-making processes.
Independent Contributions
Efforts or achievements made by individuals that stand on their own and contribute uniquely to a collective goal or project.
Brainstorming
A collaborative idea-generation process aimed at finding a solution for a specific problem by gathering a list of ideas spontaneously contributed by its members.
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