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The adjusted trial balance shown below is for Willett Real Estate at the end of...

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Accounting

The adjusted trial balance shown below is for Willett Real Estate at the end of its reporting period 30 June 2021.

Debit $

Credit $

100-Cash at bank

10400

101-Accounts receivable

9400

102-Office supplies

700

103-Prepaid insurance

2500

104-Office equipment

14000

105-Accumulated depreciationoffice equipment

4800

200-Accounts payable

5800

201-Salaries payable

1100

202-Rent revenue received in advance

700

300-Willett, Capital

16200

301-Willett, Drawings

600

400-Service revenue

46400

500-Salaries expense

18100

501-Office supplies expense

1600

502-Rent expense

15000

503-Insurance expense

1500

504-Depreciation expenseoffice equipment

1200

75000

75000

a) The closing entries of the following journal is incomplete.

image

Date Account Name Debit ($) Credit ($) 30/6 + 30/6 600-P&L summary 30/6 (Closing off P&L summary) 30/6

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