Michael Rau founded Michaels Fishing Supplies on 1 July 2019 The adjusted trial balance at 30 June 2020 (the end of the financial year) is shown below Required (a) Prepare closing entries to be made on 30 June 2020 (b) Prepare a postclosing trial balance as at 30 June 2020 Account Cash at bank Acco...

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Michael Rau founded Michaels Fishing Supplies on 1 July 2019. The adjusted trial balance at 30 June

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Michael Rau founded Michael’s Fishing Supplies on 1 July 2019. The adjusted trial balance at 30 June 2020 (the end of the financial year) is shown below.

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(a) Prepare closing entries to be made on 30 June 2020.

(b) Prepare a post‐closing trial balance as at 30 June 2020.

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Financial Accounting

ISBN: 9780730363217

10th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield

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Question Posted: Mar 07, 2024 07:00 AM

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Michael Rau founded Michaels Fishing Supplies on 1 July 2019. The adjusted trial balance at 30 June

Question:

Account Cash at bank Accounts receivable Fishing supplies Prepaid insurance Boat MICHAEL'S FISHING SUPPLIES Adjusted Trial Balance as at 30 June 2020 Debit $ 12400 25200 6000 3000 36000 Credit

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Financial Accounting

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