I was a bit hasty in closing the fiscal year 2022 (this is the first time we're using a system, so we're entering up until 2022) and I thought that the adjusting entries would be made on the closing process of the period. And I never could have been more wrong.
I discovered later that to close the income statement and balance sheet, I needed to go through a separate process.
What I did was, Accounting Period -> Close fiscal year (I thought that after selecting yes, it would redirect me to review the closing entries.) and the year is closed without the closing entries for the income statement and balance sheet.
Thank you in advance! (and I hope that I'm not doomed)