QUESTION 32 The final end of financial year 30th June, 2016 records extracted from the books of the firm Pie & Sauce Pty Ltd show the following figures: GST Payable $60 GST Receivable $105 Salaries Payable $30 Rent Expense $300 Interest Expense $540 Prepaid Rent $90 Salary Expense $240 Interest Revenue $60 During the closing process the total Debit to the Profit and Loss Summary account would be: $60 $165 $1260 $1425 $1080 QUESTION 32 The final end of financial year 30th June, 2016 records extracted from the books of the firm Pie & Sauce Pty Ltd show the following figures: GST Payable $60 GST Receivable $105 Salaries Payable $30 Rent Expense $300 Interest Expense $540 Prepaid Rent $90 Salary Expense $240 Interest Revenue $60 During the closing process the total Debit to the Profit and Loss Summary account would be: $60 $165 $1260 $1425 $1080