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Refer to the Adjusted Trial Balance of Uniklo Clothing Store and address the requirements that follow. Uniklo Clothing Store Adjusted Trial Balance As at 30

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Refer to the Adjusted Trial Balance of Uniklo Clothing Store and address the requirements that follow. Uniklo Clothing Store Adjusted Trial Balance As at 30 June 2020 Debit ($) Credit (5) Cash 93,000 Accounts receivable 30,000 Prepaid insurance 7,500 Inventory 90,000 Furniture 30,00GYI 12.000 Accumulated depreciation - furniture Accounts payable 9,000 Bank loan short-term 7.500 Sales 495,000 99,000 120,000 Cost of goods sold Wages expense Fuel expense Supplies expense Marketing expense 9.750 3,000 6,000 Rent expense 36.000 Office expenses 1,200 Interest expense 420 6.000 Depreciation expense - furniture Capital - K. Kardashian Drawings mk. Kardashian TOTAL 68.370 60,000 591,870 591,870 Requirements: Prepare an income statement for Uniklo Clothing Store for the year ended 30 June 2020. (7 marks) b. Prepare the closing journal entries (narrations are not requiredfor Uniklo Clothing Store for the year ended 30 June 2020. (10 marks)

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