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The adjusted trial balance shown below is for Kane Auto Parts at the end of its reporting period 30 June 2020. Adjusted Trial Balance Account

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The adjusted trial balance shown below is for Kane Auto Parts at the end of its reporting period 30 June 2020. Adjusted Trial Balance Account Name Debit $ Credit $ Cash at Bank 109 500 Accounts Receivable 70 000 Prepaid Rent 15 000 Plant 310 000 155 000 Accumulated. Depreciation Plant Accounts Payable Wages Payable 55 000 25 000 Unearned Sales Revenue 12 000 Capital 280 000 Sales Revenue 285 000 2500 205 000 Drawings - Kane Wages Expense Telephone Expense Rent Expense Depreciation Expense 25 000 40 000 35 000 Totals 812 000 812 000 Required a) Prepare the required closing entries for Kane Auto Parts for the year ended 30 June 2020. Narrations are required. (13 Marks) b) Prepare Kane's Capital account using the T-account provided below. (2 Marks) (Total 15 Marks) Kane, Capital Amount ($) Date Date Explanation Explanation Amount ($)

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