The following information relates to Hardies General Goods for the year ended 30 June 2019: Prepaid insurance 50,000 Accounts payable 100,000 Insurance expense 85,000 Unearned revenue 25,000 Wages payable 35,000 Accumulated depreciation- 200,000 Equipment Hardies, Capital ? Supplies expense 30,000 Cash at bank 250,000 Wages expense 150,000 Supplies 37,000 Service revenue 750,000 Bank Loan 250,000 Accounts receivable 113,000 Hardies, Drawings 120,000 Equipment 650,000 Depreciation expense-Equipment 35,000 Interest expense 15,000 Required a) Prepare closing entries for the business on 30 June 2019