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15 Marks Adjusted trial balance of uChampion (UC) business owned by Ms Tany are given below: a uChampion (UC) Adjusted Trial Balance As at 31
15 Marks Adjusted trial balance of uChampion (UC) business owned by Ms Tany are given below: a uChampion (UC) Adjusted Trial Balance As at 31 May 2022 Debit Credit $'000 $'000 Service Revenue Accounts Payable Revenue received in advance Salaries Payable Supplies on hand Salaries Expense 1584 168 176 64 72 264 Rent Expense Furniture Accounts Receivable 152 $648 96 Prepaid Insurance Unexpired Advertising Equipment 48 72 880 Accumulated Depreciation- Equip $272 Ms Tany, Capital 480 Ms Tany, Drawings 120 Insurance expense 104 Supplies expense 160 Depreciation expense 128 TOTAL $2,744 $2,744 Required: Using the above information, prepare the following: Closing entries as at 31 May 2022 Post-closing trial balance as at 31 May 2022 8 marks 7 marks
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