1 15 points 8 01:56:06 Print Mc Graw Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2023: Accounts Payable Accounts Receivable Accumulated depreciation, Equipment Accumulated depreciation, Warehouse Cash Cash Dividends Common Shares Equipment Income Tax Expense Land Notes Payable, due in 2026 Operating Expenses Preferred Shares Retained Earnings Revenue Warehouse The company uses an income summary account in the closing process. View transaction list Required: 1. Assuming normal balances, prepare the closing entries at December 31, 2023, the company's year-end. Journal entry worksheet

Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2023 : The company uses an income summary account in the closing process. Required: 1. Assuming normal balances, prepare the closing entries at December 31,2023 , the company's year-end. Journal entry worksheet equired: Assuming normal balances, prepare the closing entries at December 31, 2023, the company's year-end. Journal entry worksheet (1) 2 Record to close the Cash Dividends account to Retained Earnings. Note: Enter debits before credits. 2. Calculate the post-closing balance in Retained Earnings at December 31,2023 . (Amounts to be deducted should be indicated by a minus sign.)