Week $3$: Cliffside RV Center's accounting records include the following accounts at December $31,2025.$ All accounts have normal balances.

View the accounts and balances.

Requirements

Journalize the required closing entries for Cliffside RV Center.

Determine the ending balance in the Frye, Capital account.

Requirement $1.$ Journalize the required closing entries for Cliffside RV Center. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

Start by closing the revenue accounts for the period. Do not close expenses; we will do this in the next step.

Close expenses for the period.

Accounts and Balances