Let it Snow Manual Practice Set Part 4 (A) The adjusted trial balance for Let it Snow is shown below. Let it Snow Adjusted Trial Balance as at 30 June 20XX | Account Number | Account | Debit | Credit | | 100 | Bank Account | 7,252.42 | | | 105 | Petty Cash | 200.00 | | | 110 | Accounts Receivable | 7,543.00 | | | 120 | Prepaid Insurance | | | | 130 | Prepaid Rates and Taxes | | | | 140 | GST Paid (Outlays) | 2,492.33 | | | 160 | Buildings and Improvements (Cost) | 350,000.00 | | | 161 | Accumulated Depreciation Bldgs and Improvements | | 44,479.00 | | 170 | Hire Equipment (Cost) | 110,937.73 | | | 171 | Accumulated Depreciation Hire Equipment | | 68,964.00 | | 180 | Motor Vehicles (Cost) | 29,900.00 | | | 181 | Accumulated Depreciation Motor Vehicles | | 9,468.00 | | 190 | Store Equipment (Cost) | 14,700.00 | | | 191 | Accumulated Depreciation Store Equipment | | 6,799.00 | | 200 | Accounts Payable | | 5,337.00 | | 210 | GST Collected | | 6,737.73 | | 220 | PAYG Withholding Payable | | 1,660.00 | | 230 | Superannuation Payable | | 414.00 | | 240 | Wages and Salaries Payable | | 80.00 | | 280 | Bank Loan | | 219,191.67 | | 310 | Capital | | 151,156.00 | | 315 | Drawings | 39,042.00 | | | 400 | Hire Service Income | | 127,226.19 | | 410 | Lesson Income | | 30,810.00 | | 420 | Discounts Received | | 515.69 | | 430 | Freight Collected | | 85.00 | | 440 | Profit on Sale of PPE | | 276.82 | | 600 | Advertising | 2,150.00 | | | 605 | Bank Charges | 127.10 | | | 610 | Cleaning | 900.00 | | | 615 | Depreciation | 38,658.00 | | | 620 | Discounts Given | 309.60 | | | 625 | Electricity | 3,480.50 | | | 630 | Freight Expense | 1,111.44 | | | 635 | Insurance | 4,575.00 | | | 640 | Interest Expense | 15,194.47 | | | 645 | Motor Vehicle Expenses | 2,610.00 | | | 650 | Office Supplies | 118.80 | | | 655 | Printing and Postage | 165.46 | | | 660 | Rates and Taxes | 1,977.00 | | | 665 | Repairs and Maintenance | 995.00 | | | 670 | Ski Instruction Charges | 14,921.82 | | | 675 | Staff Amenities | 260.83 | | | 680 | Superannuation | 1,818.00 | | | 685 | Telephone | 1,479.60 | | | 690 | Wages and Salaries | 20,280.00 | | | | | 673,200.10 | 673,200.10 | | Using the adjusted trial balance above, complete the general journal entries to close off the accounts for the end of the reporting period, post to and balance the general ledger accounts. |