Exercise $5\mathrm{.}5($Static$)$ Preparing Closing Entries and an After$-$Closing Trial Balance $($LO$5-2,$ LO$5-4,$ LO$5-5)$

Wilderness Guide Services, Incorporated, performs adjusting entries every month, but closes its accounts only at year$-$end. The

company's year$-$end adjusted trial balance dated December $31,$ current year, is as follows:

a$.$ Record the entry to close the revenue account.

b$.$Record the entry to close expense accounts.

c$.$ Record the transfer of Net income$/$loss$.$

d$.$ Record the entry to close dividends.

e$.$Prepare an after$-$closing trial balance dated December $31,$ current year.