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The alphabetical listing below includes all of the adjusted account balances of Battle Creek, Incorporated as of December 31, 2022. All account balances are normal. Accounts Payable Accounts Receiv 6,068 Accumulated Depreciation Common Stock 6,86 Cash 4, 808 Depreciation Expense 18, 08 Dividends Equipment 18 , 068 Income Tax Expense 2 , 808 Income Taxes Payable Rent Expense Retained Earnings 6, 809 Salaries and Wages 8, 808 Service Revenue 36, 808 Deferred Revenue Required a. Prepare the closing entries. b. Prepare the post-closing trial balance as of December 31, 2022. c. Prepare the classified balance sheet at December 31, 2022. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction Ilat Journal entry worksheet A B Record the entry for closing the revenue and expense accounts. Note: Enter debits before credits. Transaction General Journal Debit Service Revenue 36,000 38,000 Salaries and Wages Expense 8.000 Rent Expense 4.000 Depreciation Expense 2,000 Income Tax Expense 2.000 Record entry Clear entry view general journal The alphabetical listing below Includes all of the adjusted account balances of Battle Creek, Incorporated as of December 31, 2022. All account balances are normal. Accounts Payable $ 6,080 Accounts Receivable 16,090 Accumulated Depreciation 6,909 Common Stock 4,909 Cash Depreciation Expense 2,909 Dividends 2,909 Equipment 18,909 Income Tax Expense 2,909 Income Taxes Payable 2,080 Rent Expense Retained Earnings 6,060 Salaries and Wages Expense 8,909 Service Revenue 36,909 Deferred Revenue 2,090 Required: a. Prepare the closing entries. b. Prepare the post-closing trial balance as of December 31, 2022. c. Prepare the classified balance sheet at December 31, 2022. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction Ilat Journal entry worksheet The alphabetical listing below includes all of the adjusted account balances of Battle Creek, Incorporated as of December 31, 2022. All account balances are normal. Accounts Payable $ 6,608 Accounts Receivable 16, 909 Accumulated Depreciation 6,060 Common Stock 4,080 Cash Depreciation Expense 2,090 Dividends 2,080 Equipment 18, 060 Income Tax Expense 2,060 Income Taxes Payable 2,090 Rent Expense 4 060 Retained Earnings 6,909 Salaries and Wages Expense 8,090 Service Revenue 36, 090 Deferred Revenue 2.060 Required: a. Prepare the closing entries. b. Prepare the post-closing trial balance as of December 31, 2022. c. Prepare the classified balance sheet at December 31. 2022. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the classified balance sheet at December 31, 2022. (Amounts to be deducted should be indicated by a minus sign.) BATTLE CREEK, INCORPORATED Balance Statement At December 31, 2022 Assets Liabilities and Stockholders' Equity Current Assets Liabilities Cash 0 Current Liabilities Accounts Receivable 16,000 Accounts Payable 6,000 Deferred Revenue 2.000 Total Current Assets 26,000 Income Tax Payable 2,000 Total Liabilities 10.000 Equipment, Net 2,000 Common Stock 4.000 Retained Earnings 24.000 28,000 Total Assets $ 38,000 Total Liabilities and Stockholders' Equity 38.000 The following is a listing of the Income statement accounts for Mulberry Street Sportswear as they appear on the adjusted trial balance as of December 31. Advertising Expense $ 12, 090 cost of Goods Sold 89, 906 Delivery Expense 6,090 Insurance Expense 1, 090 Income Tax Expense 2,060 Rent Expense 12,600 Interest Expense 5, 090 Sales Revenue 160, 096 Sales Discounts 11, 006 Sales Returns & Allowances 19, 060 Required: a. Prepare a multistep Income statement. Include all operating expenses In one line Item called "Selling, General and Administrative Expenses" and all non-operating revenues(expenses) In one line Item called "Other Revenue (Expenses), net". b. Compute the gross profit percentage. * Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a multistep income statement. Include all operating expenses in one line item called "Selling, General and Administrative Expenses" and all non-operating revenues( expenses) in one line item called "Other Revenue (Expenses), net". MULBERRY STREET SPORTSWEAR Income Statement For the Year Ended December 31 Sales Revenue 160,000 Sales Returns and Allowances 19,000 Sales Discounts 11,000 Advertising Expense 12,000 * Delivery Expense X 6,000 x Required A Required B >

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