Question: please answer it with solution thanks. The adjusted trial balance for Lloyd Construction as of December 31,2023 , follows: An analysis of other information reveals

please answer it with solution thanks.

information reveals that Lloyd Construction is required to make a $41,500 payment

The adjusted trial balance for Lloyd Construction as of December 31,2023 , follows: An analysis of other information reveals that Lloyd Construction is required to make a $41,500 payment on the long-term notes payable during 2024. The notes recelvable are due May 1, 2025. Also. Amar Lloyd invested $68,000 cash early in 2023. Required: 1. Prepare the closing entries made at the end of the year

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