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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

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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 the order they appear in the Trial Balance. Do not use punctuation when entering amounts Adjusted TB Account Cash At Bank 40,000 50,000 110,000 5,000 100,000 ccounts Receivable Inventory Prepaid Rent Equipment ccum Depreciation 20,000 60,000 5,000 140,000 20,000 5,000 ccounts Payable Interest Payable Notes Payable wners Capital Capital Introduced Income Summary Service Revenue Depreciation Expense Rent Expense Salaries Expense 100,000 20,000 20,000 80,000 430,000 430,000 Dr 30/06/16 30/06/16 30/06/16 30/06/16

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