The adjusted trial balance columns in the worksheet of Elliot Painting Services are as follows.

Required

(a) Complete the worksheet.

(b) Prepare the closing entries necessary at 30 June 2019, assuming that this date is the end of the entity’s accounting period.

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Account Cash at Bank Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Unearned Revenue F. Elliot, Capital F. Elliot, Drawings Painting Revenue Salaries Expense Rent Expense Depreciation Expense Telephone Expense Office Supplies Expense Sundry Expenses Profit for the period Totals ELLIOT PAINTING SERVICES Worksheet (Partial) for the year ended 30 June 2019 Adjusted trial balance Income statement Debit Credit Debit Credit $ 1230 75 600 1 800 8 320 160 000 22 000 106 000 6050 8040 4020 10 080 9 200 $412340 $ 25000 54 000 8760 3430 101 500 219 650 $412 340 Balance sheet Debit Credit