The accounts below are taken from the ledger of Bartel Music Consulting on 30 June 2019, the
Question:
The accounts below are taken from the ledger of Bartel Music Consulting on 30 June 2019, the end of the current financial year.
Required
(a) Record the closing entries that affected the accounts.
(b) Prepare a statement of changes in equity as at 30 June.
Transcribed Image Text:
G. Bartel, Capital G. Bartel, Drawings 30/6 21 910 1/7 12070 15/8 6480 30/6 16380 29/10 4220 18/11 3920 14/1 7290 Profit or Loss Summary 30/6 39 470 30/6 16380 30/6 55 850 30/6 21 910
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Based on the ledger of Bartel Music Consulting on June 30 2019 here are the closing entries Closing ...View the full answer
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Related Book For
Accounting
ISBN: 9780730363224
10th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Beattie Claire, Hellmann Andreas, Maxfield Jodie
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