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Debit $ Credit $ The adjusted trial balance shown below is for Tony Auto Parts at the end of its reporting period 30 June 2020.
Debit $ Credit $ The adjusted trial balance shown below is for Tony Auto Parts at the end of its reporting period 30 June 2020. Adjusted Trial Balance Account Name Cash at Bank 89 500 Accounts Receivable Prepaid Rent 50 000 10 oool Plant 280 000 125 000 35 000 10 000 15 000 220 000 Accumulated. Depreciation Plant Accounts Payable Wages Payable Unearned Sales Revenue Capital Sales Revenue Drawings - Tony Wages Expense Telephone Expense Rent Expense Depreciation Expense Totals 256 000 1500 185 000 10 000 20 000 15 000 661 000 661 000 Required a) Prepare the required closing entries for Tony Auto Parts for the year ended 30 June 2020. Narrations are required. (13 Marks) b) Prepare Tony's Capital account using the T-account provided below. (2 Marks) (Total 15 Marks) Tony, Capital Amount ($) Date Explanation Date Explanation Amount ($)
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