The following information relates to Magic Hair Salon Pty Ltd on 30 June 2021. Motor Vehicle 180,000 Prepaid Rent 18,000 Salary Expenses 96,000 Cash at Bank 130,000 Service Revenue 213,000 Depreciation expense - Motor Vehicle 18,000 Accounts receivable 17,000 Electricity Expense 9,200 Owner, Drawings 6,000 Unearned revenue 16,000 Supplies Expense 14,800 Accounts payable 13,000 Capital ? Bank Loan 23,000 Accumulated Depreciation- Motor 80,000 Vehicle Required a) Prepare the closing entries for the business. Narration is not required. (5 marks) b) Prepare the post-closing trial balance for the business. (5 marks) If you accidentally delete the answer template, you may undo the deletion using "Ctrl + Z" (for Windows) or "Command + Z" (for Mac). If that does not work, please click on this link Answer Template. You may copy and paste the answer template to the answer box. 7 A B u I iii III a. Closing Entries Date Accounts Debit Credit