(a) Closing general journal entries. (b) Balance sheet/statement of financial position as at 30 June 2012

Debit Credit 8 580 28 910 4 470 24 380 80 500 38 000 24 240 Bank Debtors GST paid Stock 1 July 2012 Land and buildings Motor vehicles Fixtures and fittings Creditors Bills payable GST collected Mortgage Capital 1 July 2012 Drawings Sales Sales returns Purchases Purchases returns Cartage in Bad debts recovered Discount income Advertising Bad debts Bank fees Cartage out General expenses Rates and taxes Wages and salaries 30 250 5 000 8 290 50 000 100 000 7 000 268 000 19 930 155 610 10 920 9 390 550 2 790 17 200 1 970 530 16 380 3 790 8 450 26 470 593 210 593 210 Additional information: Unsold stock as at 30 June 2013 $22630