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QU In the first month of operations, the total of the debit entries to the cash account amounted to 51,400 and the total of the
QU In the first month of operations, the total of the debit entries to the cash account amounted to 51,400 and the total of the credit entries to the cash account amounted to $800. The cash account has a(n) halance. The following adjusted trial balance contain the catheday of December 1, the end of a feel you Debu Credit Casa (Amost V3.000 Supplies 5.000 Preprid rent 16.000 Furniture 14.000 Equipment 16,000 Accumulated depreciation-Leuipment 12.000 U Bearned service revenue 14.400 Abned, Capital (20.000 Alnted. Withdrawak 3.100 19,600 Services revenue Interest revenue 2.300 Depreciation expense-Equipment 4.500 Wages expesse 1.200 Utility expense Reut ex peste TOTAL 2.400 47500 4500 REQUIRED A) Prepare the closing entries for Ahmed Company as on December 31, 2019 (maries) B) Calculate the amount of closing capital to be reported in the closing trial balcone e on December 315.2019 (1 mark) Balance is not required. It hy the permanent accounts (asset, liabilities, and capital) accounts of a company are not cloned at the end of an accoun TT XC
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