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Presented below are selected account balances for Blue Co. as of December 31,2025. Prepare closing...

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Accounting

Presented below are selected account balances for Blue Co. as of December 31,2025. Prepare closing entries for Blue Co. on December 31,2025.(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. List all debit entries before credit
entries.)
No. Account Titles and Explanation
Credit
(To close accounts with credit balances)
[
[
(To close accounts with debit balances)
(To close net income /(loss))
(To close dividends)
image

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