The following accounts appear in Theresa Gorton’s general ledger. (The dates of the transactions have been omitted).

Required

a) Close down the relevant accounts in the general ledger.
b) Show how these entries would appear in the appropriate final accounts and balance sheet.

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Dr Cash Bank Bank Cash Dr Bank Bank Bank Advertising account 120 340 720 160 Motor expenses account 2,160 814 932 Purchases account Dr Purchases day book 9,000 Purchases day book 2,000 Purchases day book 3,000 Dr Discount received account Cash Cash Cash Cr Dr Cr Cr Dr Rent receivable account 1 Bank Bank Cr Dr 121 72 36 Dr Bank Bank Rates account 1,400 1,400 Bank Bank Bank Bank Machinery account 14,000 12,000 Sales account Sales day book Sales day book Sales day book Sales day book Cr Cr 600 600 600 600 Cr Cr 4,000 12,000 7,000 4,500