Question 7 (Marks:25) The following trial balance appeared in the books of Northbrook Traders at the end of 30 June 2020. DEBIT CREDIT Statement of Financial Position Section Capital B1 279 703.70 B2 6 480.00 Drawings Land & Buildings Vehicles B3 445 500.00 B4 194 400.00 Short Term Loan B5 48 600.00 B6 34 708.50 Fixed Deposit: NFB Bank Trading Inventory B7 17 309.70 Bank B8 3 612.60 Debtors Control B9 11 267.10 Creditors Control B10 5 726.70 Mortgage Loan: New Bank B11 301 320.00 Nominal Accounts Section Sales N1 600 580.00 Sales Returns N2 14 580.00 395 280.00 Cost of Sales N3 Rent Income N4 21 060.00 N5 3 175.20 N6 30 812.40 N7 48 211.20 Interest on Fixed Deposit Telephone Interest on Mortgage loan Wages and Salaries Repairs and Maintenance Postage and Stationery Advertising N8 17 544.60 N9 7 290.00 N10 3 847.50 N11 32 400.00 Credit Losses N12 4 147.20 Totals 1 263 778.20 1 263 778.20 Prepare the following general ledger accounts in order to process the closing transfers. Properly balance/close off all accounts. Round to two decimals. You are not required to complete the folio and date columns. 0.7.1 Trading account. (4.5) 0.7.2 Profit and loss account. (12.5) 0.7.3 Drawings account. (2) Q.7.4 Capital account. (6)