The following adjusted trial balance has been provided for Lego Land for the year ended 31 December 2019.

Lego Land: Adjusted Trial Balance as at 31^st December 2019

Ledger Account	Debit AED	Credit AED
Drawings	3,200
Stock (1/1/2019)	1,500
Creditors		2,670
Purchases	1,000
Sales		8,400
Rent	1,200
Insurance	800
Carriage Inward	620
Capital		164,000
Bank	2,000
Discount Received		1,450
Equipment	500
Delivery costs	150
Depreciation equipment	400
Accumulated depreciation - equipment		5,000
Petty Cash Advance	100
Land	170,050
	181,520	181,520

*Note: Closing stock on the 31^st. December 2019 is AED 3,000.

Required:

You are the accountant of Lego Land and you have been asked to complete the following tasks. Use the templates provided.

1. Record the following closing entries in the general journal

• Trading a/c
• Revenue a/c and expenses a/c
• Income summary a/c
• Drawings a/c

2. Post the closing entries to the applicable General Ledger accounts to calculate

• Gross profit
• Net profit and
• Capital balances.

3. Prepare the post-closing Trial Balance.