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The adjusted trial balance shown below is for Andy Real Estate at the end of its reporting period 30 June 2019. Debit s Credits Cash
The adjusted trial balance shown below is for Andy Real Estate at the end of its reporting period 30 June 2019. Debit s Credits Cash at bank 10400 Accounts receivable 9400 Office supplies 700 Prepaid insurance 2500 office equipment 14000 Accumulated depreciation-office equipment 4800 Accounts payable 5800 Salaries payablo 1100 Rent revenue received in advance 700 Andy, Capital 16200 Andy, Drawings 600 Service revenue 34600 Rent revenue 11800 Salaries expense 18100 Office supplies expense 1600 Rent expense 15000 Insurance expense 1500 Depreciation expense-office equipment 1200 75000 75000 Required a) Prepare the required closing entries for Andy Real Estate for the year ended 30 June 2019. Narrations are required. (13 Marks) b) Prepare Andy's Capital account using the T-account provided below. (2 Marks) (Total15 Marks) Andy, Capital Amount $ Date Explanation Date Explanation Amount $
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