Question 13 (20 marks) The following represents the adjusted trial balance of Rodney Lonsdale Dentist as at 30th June 2022. Rodney Lonsdale Dentist Trial Balance As at 30th June 2022 Debit$ Credit$ Cash at Bank 24,100 Accounts Receivable 16,600 Dental Supplies 5,700 Prepaid Advertising 8,000 Dental Equipment 82,000 Accumulated Depreciation - Dental Equipment 26,900 Accounts Payable 7,400 Electricity Payable 5,200 Wages Payable 6,400 Revenue received in advance 9,100 BNA Bank loan 15,000 Capital R. Lonsdale 57,000 Drawings R. Lonsdale 12,200 Dental Fee Revenue 64,000 Interest Revenue 7,300 Electricity Expense 10,400 Interest Expense 15,100 Depreciation Expense Dental Equipment 12,900 Wages Expense 11,300 Total 198,300 198,300 Required: a) Prepare the closing journal entries for Rodney Lonsdale Dentist as at 30th June 2022. Narrations ARE NOT required. (12 marks) b) Prepare the T-account for Rodney Lonsdales Capital account to calculate the closing balance to be included in the Statement of Financial Position as at 30th June 2022. (4 marks) c) Discuss the purpose of closing journal entries. Include an explanation of which accounting concept is aligned with closing entries and the purpose of the concept. (4 marks) (Word limit: at least 50 words)

Question 13 (20 marks) ist as at 30th June 2022 . Required: a) Prepare the closing journal entries for Rodney Lonsdale Dentist as at 30th June 2022. Narrations ARE NOT required. (12 marks) b) Prepare the T-account for Rodney Lonsdale's Capital account to calculate the closing balance to be included in the Statement of Financial Position as at 30th June 2022 . (4 marks) c) Discuss the purpose of closing journal entries. Include an explanation of which accounting concept is aligned with closing entries and the purpose of the concept. (4 marks) (Wort: at least 50 words) b) c) Question 13 (20 marks) ist as at 30th June 2022 . Required: a) Prepare the closing journal entries for Rodney Lonsdale Dentist as at 30th June 2022. Narrations ARE NOT required. (12 marks) b) Prepare the T-account for Rodney Lonsdale's Capital account to calculate the closing balance to be included in the Statement of Financial Position as at 30th June 2022 . (4 marks) c) Discuss the purpose of closing journal entries. Include an explanation of which accounting concept is aligned with closing entries and the purpose of the concept. (4 marks) (Wort: at least 50 words) b) c)