The transactions above have been journalised and posted. The statement or profit or loss for June is below. Skate 'n' Surf Statement of profit or loss for the period 1 June to 30 June 20xx Revenue Sales revenue Sales revenue 27,460 Less: Sales returns and allowances 300 Net sales revenue 27,160 Less: Cost of sales 14,200 Gross profit 12,960 Other revenue: Discount received 2,300 15,260 Expenses Advertising expense 1,160 Depreciation expense 450 Discount allowed 295 Insurance expense 340 Interest expense 152 Postage and stationery expense 120 Superannuation exepnse 95 Wages expense 1,000 Total expenses 3,612 Net profit/(loss) $11,648 (a) Journalise end-of-year closing entries. (Note: Enter debit entries first, followed by credit entries in the general journal. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Leave blank any answer fields that do not require an answer. Enter accounts following the order of accounts given in the statement of profit or loss.) Details Post ref. Debit Credit Date 20XX June (To close revenue accounts) (To close expense accounts) (To close profit to capital account)