2 (10 marks) The following represents the Adjusted Trial Balance for Cartwright Smash Repairs as at 30 June 2021 Account Cartwright Smash Repairs Adjusted Trial Balance: 30 June 2021 Debit Credit $ $ 10,250 Accounts Payable Accounts Receivable Accrued Wages 17,300 3,100 Accumulated depreciation- Plant & Equipment 12,500 Bank Loan (due 2022) 20,000 Capital, Chris Cartwright 30,000 Cash 16,500 Depreciation expense 3,100 Drawings 5,700 Insurance expense 11,700 Interest Expense 4,700 Other Revenue. 2,800 Plant & Equipment 23,000 Prepaid Insurance 11,700 Rent Expense 12,100 Service Revenue 135,100 Supplies 8,200 Supplies expense 2,800 Utilities Expense 12,600 Wages Expense 84,350 Total 213,750 213,750 TEMPLATE FOR ANSWERS (FOR DATA ENTRY ONLY DO NOT COPY AND PASTE FROM QUESTION OR OTHER SOURCES AT THIS MAY CORRUPT THE TEMPLATE SHOULD YOU NOT WISH TO USE TEMPLATE ENTER YOUR ANSWER AT THE END OF TEMPLATES) (a) Prepare the closing entries for Cartwrights Smash Repairs for 30 June 2021. Note the above trial balance is presented in alphabetical order of account name. Journal narrations are not required. (5 marks) Date Account Debit $ Credit e to search: (b) Prepare the T account for the account, Capital, Chris Cartwright to calculate the balance to be included in the Statement of Financial Position as at 30 June 2021. (3 marks) Capital, Chris Cartwright Date Description $ Date Description $ I (c) Why are some accounts from the trial balance not closed, provide details as to which accounts are not closed and the reason as to why? (2 marks)