Accounting Homework

‘s Pre-Closing Trial Balance as of December 31, 2017. Green’s accounting period is a month, thus the balances in the temporary accounts are for the month of December 2017. (Note that the accounts are not listed in their normal sequence — rather they are listed in alphabetical sequence.)
1.Place the accounts in the correct order.
2.In the General Journal below, enter the journal entry that should be made to close the Revenue account(s). [ a description below the journal entry is not required ]
3.In the General Journal below, enter the journal entry that should be made to close the Expense accounts. [ a description below the journal entry is not required ]
4.Based on Green’s account balances, the amount of Net Income that would be shown on the Income Statement for December 2017 would be:
5.Based on Green’s account balances, the Retained Earnings amount that would be shown on the Balance Sheet as of December 31, 2017 would be: