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Balance sheet Debit Credit Account Cash at Bank Accounts Receivable Prepaid Rent Office Supplies Equipment Accum. Depr. Equip't Accounts Payable Salaries Payable Unearned Revenue F.

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Balance sheet Debit Credit Account Cash at Bank Accounts Receivable Prepaid Rent Office Supplies Equipment Accum. Depr. Equip't Accounts Payable Salaries Payable Unearned Revenue F. Elliot, Capital F. Elliot, Drawings Painting Revenue Salaries Expense Rent Expense Depreciation Expense Telephone Expense Office Supplies Used Sundry Expenses ELLIOT PAINTING SERVICES Worksheet (Partial) for the year ended 30 June 2019 Adjusted trial balance Income statement Debit Credit Debit Credit 1 230 75 600 1 800 8 320 160 000 25 000 54 000 8 760 3430 101 500 22 000 219 650 106 000 6 050 8040 4020 10 080 9 200 $412 340 $412 340 Profit for the period Required: a) Complete the worksheet. (6 marks) b) Prepare the closing entries necessary at 30 June 2019, assuming that this date is the end of the entity's accounting period. (4 marks)

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