American Chip Corporation's reporting year-end is December 31. The following is a partial adjusted trial balance as of December 31. 2024. Required: Prepare the necossary closing entries on December 31,2024 Note: If no entry is required for a tronsaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. Record the entry to close the expense accounts. Note: Enter debits before credits