Question
Prepare closing entries for Splish Co. on December 31, 2025. (Credit account titles are automatically indented when amount is entered. Do not indent manually.
Prepare closing entries for Splish Co. on December 31, 2025. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) No. Account Titles and Explanation Debit Credit 1. 2. (To close accounts with credit balances) 3. (To close accounts with debit balances) 4. (To close net income/(loss)) (To close dividends)
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