Below is the Adjusted Trial Balance Newage Electricals as at 30 June 2020:

Newage Electricals Trial Balance (Adjusted) As at 30 June 2020
Accounts	Debits	Credits
Cash at bank	85,000
Accounts receivable	40,000
Equipment	240,000
Accumulated depreciation-Equipment		25,500
Accounts payable		30,000
Bank loan		65,600
Capital		190,000
Drawings	8,000
Service revenue		134,500
Wages expense	45,000
Rent expense	10,500
Insurance expense	2,100
Depreciation expense- Equipment	15,000
	445,600	445,600

1. Prepare the closing entries for the business. Dates and narrations are required. (5 marks)
2. Calculate the ending balance of capital. (1 mark)
3. Prepare the Balance Sheet as at 30 June 2020. (9 marks)