Question 6 (10 marks) Tiger Raunich founded Tiger's Golfing Supplies on 1 July 2019. The following adjusted accounts and account balances were taken from the business books for the year ended 30 June 2020. Tiger R, Capital 1 July 2019 $ 50 000 Tiger R, Drawings 3 000 Cash at Bank 25 000 Golf Supplies 17 000 Revenue 75 000 Interest Revenue 3 000 Casual Wages Expense 14 000 Rent Expense 20 000 Advertising Expense 4 000 Motor Vehicle 15 000 Accumulated Depreciation Motor 1 500 Vehicle Golf Supplies Expense 3 000 Internet and Telephone Expense 2 000 Casual Wages Payable 6 000 Short Loan 4 000 Required: a) Record the closing entries in the general journal for Tiger's Golfing Supplies. Narrations are not required. (8 marks) b) Discuss what the balance in the Profit and Loss Summary represents. (2 marks)