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The alphabetical listing below Includes all of the adjusted account balances of Battle Creek, Incorporated as of December 31, 2022. All account balances are normal.
The alphabetical listing below Includes all of the adjusted account balances of Battle Creek, Incorporated as of December 31, 2022. All account balances are normal. Accounts Payable Accounts Receivable Accumulated Depreciation Common Stock Cash Depreciation Expense Dividends Equipment Income Tax Expense Income Taxes Payable Rent Expense Retained Earnings Salaries and Wages Expense Service Revenue Deferred Revenue Required: a. Prepare the closing entries. $ 6,000 16,000 6,000 4,000 10,000 2,000 2,000 18,000 2,000 2,000 4,000 6,000 8,000 36,000 2,000 b. Prepare the post-closing trial balance as of December 31, 2022. c. Prepare the classified balance sheet at December 31, 2022. complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the classified balance sheet at December 31, 2022. (Amounts to be deducted should be indicated by a minus sign.) BATTLE CREEK, INCORPORATED Balance Statement Assets Current Assets Cash Accounts Receivable Total Current Assets At December 31, 2022 Liabilities and Stockholders' Equity Liabilities $ 10,000 Current Liabilities: 16,000 Accounts Payable Deferred Revenue 26,000 Income Tax Payable Total Liabilities Equipment, Net 12,000 Common Stock Retained Earnings $ 6,000 2,000 2,000 10,000 4,000 24,000 28,000 Total Assets $ 38,000 Total Liabilities and Stockholders' Equity $ 38,000
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