After preparing the closing entries for the profit and loss account, it was found that the net profit is 60 and the following accounts are still in the trial balance. Fund 15, bank 30, cars, 80, sprinklers 240, buildings 100, wells 50, accrued expenses 5, receipts received in advance 3, Personal withdrawals 6,, end-of- period merchandise 50 and capital, initial balance is 503, which is required to prepare the capital account and balance sheet at the end of the year