Spicer Inc. showed the following olphobetized list of odjusted account bolonces at December $31,2023$:

The compony uses on income summary account in the closing process.

Required:

Assuming normal bolances, prepore the closing entries at December $31,2023,$ the compony's year$-$end.

Journal entry worksheet

Record to close the revenue account to the income summary.

Note: Enter debits befare credits.

Colculate the post$-$closing bolonce in Retoined Earnings at December $31,2023.($Amounts to be deducted should be Indicated by a

minus sign.$)$