B prepare a post closing trial balance as at 30 june

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(b) Prepare a post-closing trial balance as at 30 June 2019. MICHAEL’S FISHING SU PPLIES Adjusted Trial Balance as at 30 June 2020 Account Debit Credit Cash at bank Accounts receivable GST receivable Fishing supplies Prepaid insurance Boat Accumulated depreciation boat Accounts payable Salaries payable Interest payable Mortgage payable Unearned revenue GST payable Michael Rau, Capital Michael Rau, Drawings Sales Salaries expense Insurance expense Interest expense Depreciation expense Fishing supplies expense Rent expense $ 12 400 25 200 2 160 6 000 3 000 36 000 14 400 14 040 1 080 600 4 200 2 040 4 800 $ 18 000 6 000 2 040 3 120 7 800 6 720 3 600 18 000 60 640 $125 920 $125 920 (a) General Journal Closing entries 2020 Particulars Debit Credit June 30 Sales $62 080 Profit or Loss Summary $62 080 Close income accounts to Profit or Loss Summary June 30 Profit or Loss Summary 26 760 Salaries Expense 14 040 Insurance Expense 1 080 Interest Expense 600 Depreciation Expense 4 200
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