Exercise 2-13 (Algo) Closing entries [LO2-8] 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 necessary closing entries on December 31,2024. Note: If no entry is required for a transaction/event, select "No journal entry required" In the first account fleld. Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. Exercise 2-13 (Algo) Closing entries [LO2-8] 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 necessary closing entries on December 31,2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld. Journal entry worksheet Note: Enter debits before credits