Question 1 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 7,318.57 105 Petty Cash 200.00 110 Accounts Receivable 7,553.00 120 Prepaid Insurance 130 Prepaid Rates and Taxes 140 GST Paid (Outlays) 2,498.56 160 Buildings and Improvements (Cost) 350,000.00 161 Accumulated Depreciation Bldgs and Improvements 44,479.00 170 Hire Equipment (Cost) 110,934.82 171 Accumulated Depreciation Hire Equipment 68,950.00 180 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 5,399.00 210 GST Collected 6,738.17 220 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 38,964.00 400 Hire Service Income 127,235.91 410 Lesson Income 30,810.00 420 Discounts Received 516.10 430 Freight Collected 85.00 440 Profit on Sale of PPE 273.36 600 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 1,110.53 635 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 163.65 660 Rates and Taxes 1,977.00 665 Repairs and Maintenance 995.00 670 Ski Instruction Charges 14,978.18 675 Staff Amenities 260.83 680 Superannuation 1,818.00 685 Telephone 1,479.60 690 Wages and Salaries 20,280.00 673,255.21 673,255.21 INSTRUCTIONS: In all parts of this question, enter amounts with a comma for thousands and to two decimal places. For example, enter two thousand as 2,000.00. Enter negative amounts using a hyphen. For example, -2,000.00. If the balance or total returns to zero, enter 0.00 in the required field. If an entry field does not require an answer, leave the field blank. TIPS: To avoid having to scroll up and down the question: ? if printing is enabled, print out the parts (as required) ? if printing is not enabled, copy and paste the required parts into a Word document and divide your screen between the question and the copied content. Save regularly using the 'Save for later' button at the end of each part. For assistance regarding account names, click the 'Show list of accounts' button to view all of the accounts used in this question. Predictive text can be used to assist entering the account titles when recording and posting information in the journals and ledger accounts, simply type in the first few letters to use the predictive text option. Excel templates/working documents have been designed to provide assistance if there is a preference to work offline and later enter the completed information online to submit for assessment. Collapse question part part (k) Partially correct answer. Your answer is partially correct. Try again. part (k) Click here to access specific templates/working documents designed to assist in answering the question if you prefer to work offline. Please note the assessment will still need to be completed online to be submitted for grading. 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. (Note: Enter accounts in ascending account number order according to debits and credits.) GENERAL JOURNAL Page: 20 Date Description Post Ref Debit Credit Entry field with correct answer Entry field with correct answer Hire Service Income Entry field with correct answer Entry field with correct answer 127,235.91 Entry field with correct answer Entry field with correct answer Lesson Income Entry field with correct answer Entry field with correct answer 30,810.00 Entry field with correct answer Entry field with correct answer Discounts Received Entry field with correct answer Entry field with correct answer 516.10 Entry field with correct answer Entry field with correct answer Freight Collected Entry field with correct answer Entry field with correct answer 85.00 Entry field with correct answer Entry field with correct answer Profit on Sale of PPE Entry field with correct answer Entry field with correct answer 273.36 Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with correct answer Entry field with correct answer Entry field with correct answer 158,920.37 (To close income accounts) GENERAL JOURNAL Page: 21 Date Description Post Ref Debit Credit June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with correct answer Entry field with correct answer 111,186.26 Entry field with correct answer Entry field with correct answer Advertising Entry field with correct answer Entry field with correct answer Entry field with correct answer 2,150.00 Entry field with correct answer Bank Charges Entry field with correct answer Entry field with correct answer Entry field with correct answer 127.10 Entry field with correct answer Cleaning Entry field with correct answer Entry field with correct answer Entry field with correct answer 900.00 Entry field with correct answer Depreciation Entry field with correct answer Entry field with correct answer Entry field with correct answer 38,658.00 Entry field with correct answer Discounts Given Entry field with correct answer Entry field with correct answer Entry field with correct answer 309.60 Entry field with correct answer Electricity Entry field with correct answer Entry field with correct answer Entry field with correct answer 3,480.50 Entry field with correct answer Freight Expense Entry field with correct answer Entry field with correct answer Entry field with correct answer 1,110.53 Entry field with correct answer Insurance Entry field with correct answer Entry field with correct answer Entry field with correct answer 4,575.00 Entry field with correct answer Interest Expense Entry field with correct answer Entry field with correct answer Entry field with correct answer 15,194.47 Entry field with correct answer Motor Vehicle Expenses Entry field with correct answer Entry field with correct answer Entry field with correct answer 2,610.00 Entry field with correct answer Office Supplies Entry field with correct answer Entry field with correct answer Entry field with correct answer 118.80 Entry field with correct answer Printing and Postage Entry field with correct answer Entry field with correct answer Entry field with correct answer 163.65 Entry field with correct answer Rates and Taxes Entry field with correct answer Entry field with correct answer Entry field with correct answer 1,977.00 Entry field with correct answer Repairs and Maintenance Entry field with correct answer Entry field with correct answer Entry field with correct answer 995.00 Entry field with correct answer Ski Instruction Charges Entry field with correct answer Entry field with correct answer Entry field with correct answer 14,978.18 Entry field with correct answer Staff Amenities Entry field with correct answer Entry field with correct answer Entry field with correct answer 260.83 Entry field with correct answer Superannuation Entry field with correct answer Entry field with correct answer Entry field with correct answer 1,818.00 Entry field with correct answer Telephone Entry field with correct answer Entry field with correct answer Entry field with correct answer 1,479.60 Entry field with correct answer Wages and Salaries Entry field with correct answer Entry field with correct answer Entry field with correct answer 20,280.00 (To close expense accounts) Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with correct answer Entry field with correct answer 47,734.11 Entry field with correct answer Entry field with correct answer Capital Entry field with correct answer Entry field with correct answer Entry field with correct answer 47,734.11 (To transfer profit for the year) Entry field with correct answer Entry field with correct answer Capital Entry field with correct answer Entry field with incorrect answer 112,192.00 Entry field with correct answer Entry field with correct answer Drawings Entry field with correct answer Entry field with correct answer Entry field with incorrect answer 112,192.00 (To close drawings to capital account) GENERAL LEDGER Name: BANK ACCOUNT Acct No.: 100 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 14,632.20 June 30 Payments CPJ12 16,435.57 30 Receipts CRJ14 9,121.94 Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 7,318.57 Entry field with correct answer 23,754.14 Entry field with correct answer 23,754.14 July Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 7,318.57 Name: PETTY CASH Acct No.: 105 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 200.00 Name: ACCOUNTS RECEIVABLE Acct No.: 110 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 5,760.00 June 30 Bank Account CRJ14 6,885.60 30 Sales SJ10 8,678.60 Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 7,553.00 Entry field with correct answer 14,438.60 Entry field with correct answer 14,438.60 July Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 7,553.00 Name: PREPAID INSURANCE Acct No.: 120 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 381.25 June 30 Insurance GJ20 381.25 Name: PREPAID RATES AND TAXES Acct No.: 130 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 164.75 June 30 Rates and Taxes GJ20 164.75 Name: GST PAID (OUTLAYS) Acct No.: 140 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 1,905.75 June 27 Accounts Payable GJ20 15.00 30 Accounts Payable PJ11 529.82 30 Bank Account CPJ12 12.40 30 Bank Account CPJ12 90.39 Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 2,498.56 Entry field with correct answer 2,525.96 Entry field with correct answer 2,525.96 July Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 2,498.56 Name: BUILDINGS AND IMPROVEMENTS (COST) Acct No.: 160 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 350,000.00 Name: ACCUMULATED DEPRECIATION - BLDGS AND IMPROVEMENTS Acct No.: 161 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 43,750.00 30 Depreciation GJ20 729.00 Entry field with correct answer 44,479.00 Name: HIRE EQUIPMENT (COST) Acct No.: 170 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 108,000.00 June 17 Bank Account CRJ14 596.36 6 Accounts Payable PJ11 2,381.82 17 Accumulated Depreciation GJ20 200.64 26 Accounts Payable PJ11 1,500.00 27 Accounts Payable GJ20 150.00 Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 110,934.82 Entry field with correct answer 111,881.82 Entry field with correct answer 111,881.82 July Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 110,934.82 Name: ACCUMULATED DEPRECIATION - HIRE EQUIPMENT Acct No.: 171 Date Details Post Ref Debit Date Details Post Ref Credit June 17 HECost/Profit GJ20 474.00 June 1 Balance 67,500.00 Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 68,950.00 30 Depreciation GJ20 1,924.00 Entry field with correct answer 69,424.00 Entry field with correct answer 69,424.00 July Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 68,950.00 Name: MOTOR VEHICLES (COST) Acct No.: 180 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 29,900.00 Name: ACCUMULATED DEPRECIATION - MOTOR VEHICLES Acct No.: 181 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 8,970.00 30 Depreciation GJ20 498.00 Entry field with correct answer 9,468.00 Name: STORE EQUIPMENT (COST) Acct No.: 190 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 14,700.00 Name: ACCUMULATED DEPRECIATION - STORE EQUIPMENT Acct No.: 191 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 6,615.00 30 Depreciation GJ20 184.00 Entry field with correct answer 6,799.00 Name: ACCOUNTS PAYABLE Acct No.: 200 Date Details Post Ref Debit Date Details Post Ref Credit June 27 Hire Equipment/GST GJ20 165.00 June 1 Balance 5,824.00 30 Bank Account CPJ12 6,088.00 30 Purchases PJ11 5,828.00 Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 5,399.00 Entry field with correct answer 11,652.00 Entry field with correct answer 11,652.00 July Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 5,399.00 Name: GST COLLECTED Acct No.: 210 Date Details Post Ref Debit Date Details Post Ref Credit June 30 Bank Account CRJ14 30.96 June 1 Balance 5,745.90 Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 6,738.17 30 Accounts Receivable SJ10 788.96 30 Bank Account CRJ14 234.27 Entry field with correct answer 6,769.13 Entry field with correct answer 6,769.13 July Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 6,738.17 Name: PAYG WITHHOLDING PAYABLE Acct No.: 220 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 1,120.00 28 Bank Account CPJ12 540.00 Entry field with correct answer 1,660.00 Name: SUPERANNUATION PAYABLE Acct No.: 230 Date Details Post Ref Debit Date Details Post Ref Credit June 25 Bank Account CPJ12 432.00 June 1 Balance 432.00 30 Superannuation GJ20 414.00 Name: WAGES AND SALARIES PAYABLE Acct No.: 240 Date Details Post Ref Debit Date Details Post Ref Credit June 30 Wages and Salaries GJ20 80.00 Name: BANK LOAN Acct No.: 280 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Bank Account CPJ12 2,000.00 June 1 Balance 220,000.00 Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 219,191.67 30 Interest Expense GJ20 1,191.67 Entry field with correct answer 221,191.67 Entry field with correct answer 221,191.67 July Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 219,191.67 Name: CAPITAL Acct No.: 310 Date Details Post Ref Debit Date Details Post Ref Credit June Entry field with correct answer Entry field with correct answer Drawings Entry field with incorrect answer Entry field with correct answer 38,964.00 June 1 Balance 151,156.00 Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 159,926.11 Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 47,734.11 Entry field with correct answer 198,890.11 Entry field with correct answer 198,890.11 July Entry field with correct answer Entry field with correct answer Balance Entry field with correct answer Entry field with correct answer 159,926.11 Name: DRAWINGS Acct No.: 315 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 36,000.00 June Entry field with correct answer Entry field with correct answer Capital Entry field with incorrect answer Entry field with correct answer 38,964.00 12 Bank Account CPJ12 2,964.00 Entry field with correct answer 38,964.00 Entry field with correct answer 38,964.00 Name: PROFIT OR LOSS SUMMARY Acct No.: 390 Date Details Post Ref Debit Date Details Post Ref Credit June Entry field with correct answer Entry field with correct answer Expenses Entry field with incorrect answer Entry field with correct answer 111,186.26 June Entry field with correct answer Entry field with incorrect answer Profit Entry field with incorrect answer Entry field with correct answer 158,920.37 Entry field with correct answer Entry field with correct answer Capital Entry field with incorrect answer Entry field with correct answer 47,734.11 Entry field with correct answer 158,920.37 Entry field with correct answer 158,920.37 Name: HIRE SERVICE INCOME Acct No.: 400 Date Details Post Ref Debit Date Details Post Ref Credit June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 127,235.91 June 1 Balance 122,880.00 30 Accounts Receivable SJ10 3,809.64 30 Bank Account CRJ14 546.27 Entry field with correct answer 127,235.91 Entry field with correct answer 127,235.91 Name: LESSON INCOME Acct No.: 410 Date Details Post Ref Debit Date Details Post Ref Credit June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 30,810.00 June 1 Balance 25,530.00 30 Accounts Receivable SJ10 4,080.00 30 Bank Account CRJ14 1,200.00 Entry field with correct answer 30,810.00 Entry field with correct answer 30,810.00 Name: DISCOUNTS RECEIVED Acct No.: 420 Date Details Post Ref Debit Date Details Post Ref Credit June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 516.10 June 1 Balance 392.10 30 Bank Account CPJ12 124.00 Entry field with correct answer 516.10 Entry field with correct answer 516.10 Name: FREIGHT COLLECTED Acct No.: 430 Date Details Post Ref Debit Date Details Post Ref Credit June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 85.00 June 1 Balance 85.00 Name: PROFIT ON SALE OF PPE Acct No.: 440 Date Details Post Ref Debit Date Details Post Ref Credit June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 273.36 June 17 Hire Equipment GJ20 273.36 Name: ADVERTISING Acct No.: 600 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 2,150.00 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 2,150.00 Name: BANK CHARGES Acct No.: 605 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 112.40 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 127.10 1 Bank Account CPJ12 14.70 Entry field with correct answer 127.10 Entry field with correct answer 127.10 Name: CLEANING Acct No.: 610 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 800.00 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 900.00 28 Bank Account CPJ12 100.00 Entry field with correct answer 900.00 Entry field with correct answer 900.00 Name: DEPRECIATION Acct No.: 615 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 35,323.00 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 38,658.00 30 Accumulated Depreciation GJ20 3,335.00 Entry field with correct answer 38,658.00 Entry field with correct answer 38,658.00 Name: DISCOUNTS GIVEN Acct No.: 620 Date Details Post Ref Debit Date Details Post Ref Credit June 30 Bank Account CRJ14 309.60 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 309.60 Name: ELECTRICITY Acct No.: 625 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 3,480.50 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 3,480.50 Name: FREIGHT EXPENSE Acct No.: 630 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 962.35 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 1,110.53 30 Accounts Payable PJ11 148.18 Entry field with correct answer 1,110.53 Entry field with correct answer 1,110.53 Name: INSURANCE Acct No.: 635 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 4,193.75 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 4,575.00 30 Prepaid Insurance GJ20 381.25 Entry field with correct answer 4,575.00 Entry field with correct answer 4,575.00 Name: INTEREST EXPENSE Acct No.: 640 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 14,002.80 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 15,194.47 30 Bank Loan GJ20 1,191.67 Entry field with correct answer 15,194.47 Entry field with correct answer 15,194.47 Name: MOTOR VEHICLE EXPENSES Acct No.: 645 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 2,530.00 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 2,610.00 20 Bank Account CPJ12 80.00 Entry field with correct answer 2,610.00 Entry field with correct answer 2,610.00 Name: OFFICE SUPPLIES Acct No.: 650 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 118.80 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 118.80 Name: PRINTING AND POSTAGE Acct No.: 655 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 109.10 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 163.65 12 Petty Cash CPJ12 54.55 Entry field with correct answer 163.65 Entry field with correct answer 163.65 Name: RATES AND TAXES Acct No.: 660 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 1,812.25 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 1,977.00 30 Prepaid Rates and Taxes GJ20 164.75 Entry field with correct answer 1,977.00 Entry field with correct answer 1,977.00 Name: REPAIRS AND MAINTENANCE Acct No.: 665 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 675.00 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 995.00 24 Bank Account CPJ12 320.00 Entry field with correct answer 995.00 Entry field with correct answer 995.00 Name: SKI INSTRUCTION CHARGES Acct No.: 670 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 13,710.00 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 14,978.18 17 Accounts Payable PJ11 1,268.18 Entry field with correct answer 14,978.18 Entry field with correct answer 14,978.18 Name: STAFF AMENITIES Acct No.: 675 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 234.70 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 260.83 15 Petty Cash CPJ12 26.13 Entry field with correct answer 260.83 Entry field with correct answer 260.83 Name: SUPERANNUATION Acct No.: 680 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 1,404.00 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 1,818.00 30 Superannuation Payable GJ20 414.00 Entry field with correct answer 1,818.00 Entry field with correct answer 1,818.00 Name: TELEPHONE Acct No.: 685 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 1,137.40 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 1,479.60 4 Bank Account CPJ12 342.20 Entry field with correct answer 1,479.60 Entry field with correct answer 1,479.60 Name: WAGES AND SALARIES Acct No.: 690 Date Details Post Ref Debit Date Details Post Ref Credit June 1 Balance 15,600.00 June Entry field with correct answer Entry field with correct answer Profit or Loss Summary Entry field with incorrect answer Entry field with correct answer 20,280.00 28 Bank Account CPJ12 4,600.00 30 Wages and Salaries Payable GJ20 80.00 Entry field with correct answer 20,280.00 Entry field with correct answer 20,280.00 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 2 of 2 used Point Potential is enabled You have surpassed the number of attempts to earn Maximum Points for this question. For this attempt, and any subsequent attempt(s), you will earn points according to the Point Potential policy set by your instructor. Collapse question part part (l) part (l) Click here to access specific templates/working documents designed to assist in answering the question if you prefer to work offline. Please note the assessment will still need to be completed online to be submitted for grading. Using the adjusted trial balance as at the 30 June presented above, prepare a post-closing trial balance as at 30 June 20XX. (Note: Enter accounts in ascending account number order. Ensure you include ALL relevant accounts even if an account does not have a balance. Where accounts do not have a balance, leave the debit and credit columns blank.) LET IT SNOW Post-Closing Trial Balance as at 30 June 20XX Acct No. Account Debit Credit Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWER Point Potential is enabled Earn Maximum Points available only if you answer this question correctly in your first attempt.