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.