Following is the year-end adjusted trial balance for Fred's Corner Grocery, Inc. for the current year: 
Required:
Prepare the closing entries at December 31 for the current year.
Definitions:
Morning
The period of time from sunrise until noon; the early part of the day.
Punctuated Correctly
Written or arranged properly using punctuation marks like commas, periods, and question marks to clarify meaning.
Class
A category or grouping of items sharing common characteristics or properties, often used in the context of education, taxonomy, or programming.
Member
An individual belonging to a group, organization, or a part of a structure.
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