Current Attempt in Progress

Selected accounts for Kingbird, Inc., a private company following ASPE, as at December $31,2023,$ are as follows:

$($a$)$

Prepare closing entries for Kingbird, Inc. on December $31,2023.($List all debit entries before credit entries. 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 $0$ for the amounts.$)$

Account Titles and Explanation

$($To close revenue accounts$)$

$($To close expense accounts$)$

$($To close income summary$)$

$($To close dividends$)$