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Sample 2 Question Melbourne Ltd provides the adjusted trial balance as at 30 June 2019 as below. Melbourne Ltd provides the adjusted trial balance as

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Sample 2 Question Melbourne Ltd provides the adjusted trial balance as at 30 June 2019 as below. Melbourne Ltd provides the adjusted trial balance as at 30 June 2019 as below. Melbourne Limited Adjusted Trial Balance as at 30 June 2019 Debit (S) 96,000 7.800 35,000 250.000 Credit (S) Account Cash at bank Accounts receivable Prepaid insurance Vehicles Accounts payable Salary payable Bank loan (long term) Capital Sales revenue Wages expense Electricity expense Advertising expense 9.000 6,000 150,000 210,600 200,000 35.000 145,000 6,800 575,600 575,600 Prepare closing entries as at 30 June 2019. No Narrations are required. Date. Account. Debit Credit Calculate the updated balance for Capital Account as a result of the closing entries in Part a 4) Prepared a classified Balance Sheet as at 30 June 2019. usir- the template below. Current acts Total asset Non-current assets Total Drew asset Total Currenboies Total current liabilities Non-current liabilities Total non-current liabilities Total liabilities Net acts Equity Total equity

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