4)

The following information relates to Sharma Services on 30 June 2021.

Equipment	135,000
Prepaid Insurance	13,500
Wages Expenses	72,000
Cash at Bank	97,500
Service Revenue	160,000
Depreciation expense - Equipment	13,500
Accounts receivable	13,200
Supplies Expense	6,900
Owner, Drawings	2,750
Unearned revenue	5,000
Electricity Expense	11,100
Accounts payable	39,750
Capital	?
Bank Loan	50,000
Accumulated Depreciation- Equipment	60,000

Required

a) Prepare the closing entries for the business. Narration is not required. (5 marks)

b) Prepare the post-closing trial balance for the business. (5 marks)