The adjusted trial balance shown below is for Miller Real Estate at the end of...
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Accounting
The adjusted trial balance shown below is for Miller Real Estate at the end of its reporting period 30 June 2021.
Debit $
Credit $
100-Cash at bank
20800
101-Accounts receivable
18800
102-Office supplies
1400
103-Prepaid insurance
5000
104-Office equipment
28000
105-Accumulated depreciationoffice equipment
9600
200-Accounts payable
11600
201-Salaries payable
2200
202-Rent revenue received in advance
1400
300-Miller, Capital
32400
301-Miller, Drawings
1200
400-Service revenue
92800
500-Salaries expense
36200
501-Office supplies expense
3200
502-Rent expense
30000
503-Insurance expense
3000
504-Depreciation expenseoffice equipment
2400
150000
150000
Required
a) The closing entries of the following journal is incomplete. You are required to select the missing entries and narrations from the drop-down list to complete the closing entries of Miller Real Estate for the year ended 30 June 2021. The entries must follow the chart of accounts reference number order where appropriate. The amounts must be typed in the space provided. DO NOT type the dollar sign ($). DO NOT use thousands separators (i.e. commas: eg: 2,000; space: eg: 2 000; or full stop: eg: 2.000) when typing the amounts. NO decimals. (13 Marks)
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