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Accounting help The adjusted trial balance shown below is for Ezy Auto Parts at the end of its reporting period 30 June 2020. Adjusted Trial
Accounting help
The adjusted trial balance shown below is for Ezy Auto Parts at the end of its reporting period 30 June 2020. Adjusted Trial Balance Account Name Debit $ Credit $ Cash at Bank 99 500 Accounts Receivable 60 000 Prepaid Rent 5 000 Plant 300 000 Accumulated. Depreciation Plant 145 000 45 000 Accounts Payable Wages Payable Unearned Sales Revenue 15 000 0 250 000 Capital - Ezy Sales Revenue 275 000 500 195 000 15 000 Drawings - Ezy Wages Expense Telephone Expense Rent Expense Depreciation Expense Totals 30 000 25 000 730 000 730 000 Required a) Prepare the required closing entries for Ezy Auto Parts for the year ended 30 June 2020. Narrations are required. (13 Marks) b) Prepare Ezy's Capital account using the T-account provided below. (2 Marks) (Total 15 Marks) Ezy, Capital Explanation Date Explanation Amount ($) Date Amount ($)Step by Step Solution
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