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Prepare the closing entries (no comments are required) for the following Adjusted Trial Balance dated 30/06/16 and answer the question. Accounts should be closed in
Prepare the closing entries (no comments are required) for the following Adjusted Trial Balance dated 30/06/16 and answer the question. Accounts should be closed in the order they appear in the Trial Balance. Do not use punctuation when entering amounts. Adjusted TB Account Dr Cash At Bank 40,0 55,0 110,0 5,0 100,0 Accounts Receivable Prepaid Rent Equipment Accum Depreciation Accounts Payable Interest Payable Notes Payable Owners Capital Capital Introduced Income Summary Service Revenue Depreciation Expense Rent Expense Salaries Expense 20,00 65.00 5,00 180,00 50.00 10,00 100 20.0 20,0 80,0 430,0 430,00 Total Dr Cr 30/06/16 30/06/16 30/06/16 30/06/16 What is the balance of owners capital after the closing entries have been posted
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