Final answer:
The question covers the identification of adjusting entries, calculation of net income, and the preparation of closing entries in accounting. However, actual execution of these tasks requires specific trial .
Step-by-step explanation:
Adjusting Entries, Net Income Calculation, and Closing Entries
The question involves identifying adjusting entries, calculating net income for the fiscal year, and preparing closing entries for a company's accounting period.
To answer this, one would typically compare the trial balances before and after adjustments to identify changes in account balances that represent the adjusting entries made.
To calculate net income, you would need to adjust revenues and expenses accordingly and then subtract total expenses from total revenues.
Closing entries would involve transferring all income statement account balances to the retained earnings account and resetting the balances of temporary accounts to zero in preparation for the next accounting period.
Since the necessary trial balance figures are not provided, we cannot execute these steps. However, if the figures were available, these tasks would involve applying fundamental accounting principles to reconcile accounts and determine financial performance.