Below is the adjusted trial balance at 30 June 2021 for Sweet Home Alabama Treats owned by Lulu, B:

Cash at bank	$56,000	Machinery and Equipment	$200,000
Wages Payable	25,000	Lulu, B. capital 1 July, 2020	80,000
Accounts receivable	46,000	Depreciation expense machinery and equipment	5,000
Insurance expense	12,000	Advertising expense	15,000
Accounts payable	75,000	Wages expense	60,000
Sales revenue	200,000	Lulu, B. drawings	15,000
Loan payable	100,000	Baking supplies expense	41,000
Fuel expense	10,000	Baking supplies	50,000
Prepaid Insurance	35,000	Accumulated depr. machinery and equipment	50,000
Unearned Revenue	15,000

Required:

a) Prepare the closing entries in the general journal for Sweet Home Alabama Treats for the year ending 30 June 2021. (8marks)