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Prepare the closing entries for the following Adjusted Trial Balance dated 30/06/16. No comments are required. Accounts should be closed in the order they appear
Prepare the closing entries for the following Adjusted Trial Balance dated 30/06/16. No comments are required. Accounts should be closed in the order they appear in the Trial Balance. You must use exactly the same description as the Trial Balance. Do not use any form of punctuaion in numerical answers. Adjusted TB Account Dr Cr Cash At Bank 40000 55000 110000 Accounts Receivable Inventory Prepaid Rent Accounts Payable Interest Payable 3000 65000 5000 30000 93000 25000 Notes Payable Owners Capital Owners Drawings Income Summary Service Revenue Subscriptions Revenue COGS Interest Expensel 50000 125000 100000 15000 Rent Expensel Total 20000 368000 6134701 Dr Cr 30/06/16 30/06/16 30/06/16 30/06/16
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