General Journal Closing Entries, Capital and Statement of changes in Equity (11 marks) Below is the Adjusted Trial Balance BJ HiFi Electricals as at 30 June 2019: BJ HiFi Electricals Trial Balance (Adjusted) As at 30 June 2019 Accounts Debits Credits Cash at bank 145,000 150,000 Accounts receivable 250,000 Equipment Accumulated depreciation-Equipment Accounts payable 15,500 40,000 Bank loan 65,600 Capital 390,000 18,000 Drawings Service revenue 114,500 Wages expense 35,000 Rent expense 10,500 Insurance expense 2,100 Depreciation expense- Equipment 15,000 625,600 625,600 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 Statement of Changes in Owner's Equity for the year ended 30 June 2019