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a) The closing entries of the following journal is incomplete. You are required to select the missing entries and narrations from the drop-down list to
a) The closing entries of the following journal is incomplete. You are required to select the missing entries and narrations from the drop-down list to complete the closing entries of Dudley Real Estate for the year ended 30 June 2021. The entries must follow the chart of accounts reference number order where appropriate. The amounts must be typed in the space provided. DO NOT type the dollar sign (S). DO NOT use thousands separators (i.e. commas: eg: 2,000; space: eg: 2 000; or full stop: eg: 2.000) when typing the amounts. No decimals. (13 Marks) Date Account Name Debit (S) Credit (8) 30/6 20/6 600-PRL summary . 30/6 + (Closing off P&L summary) 20/6 The adjusted trial balance shown below is for Dudley Real Estate at the end of its reporting period 30 June 2021. Debit $ Credit $ 100-Cash at bank 15600 101-Accounts receivable 14100 102-Office supplies 1050 103-Prepaid insurance 3750 104-Office equipment 21000 7200 105-Accumulated depreciation-office equipment 200-Accounts payable 8700 201-Salaries payable 1650 202-Rent revenue received in advance 1050 24300 300-Dudley, Capital 301-Dudley, Drawings 900 400-Service revenue 69600 500-Salaries expense 27150 501-Office supplies expense 2400 502-Rent expense 22500 503-Insurance expense 2250 504-Depreciation expense-office equipment 1800 112500 112500 b) Complete Dudley's Capital account using the T-account provided below. Select the correct entries from the drop-down list. The amounts must be typed in the space provided. DO NOT type the dollar sign ($). DO NOT use thousands separators (i.e. commas: eg: 2,000; space: eg: 2 000; or full stop: eg: 2.000) when typing the amounts. No decimals. (7 Marks) (Total 20 Marks) Dudley, Capital Date Explanation Amount ($) Date Explanation Amount ($)
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