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Current Attempt in Progress The adjusted trial balance for WaveRider is shown below. WaveRider Adjusted Trial Balance as at 30 June 20XX Account Number Account Debit Credit 100 Bank Account 7,214.07 105 Petty Cash 200.00 110 Accounts Receivable 7,533.00 120 Prepaid Insurance 130 Prepaid Rates and Taxes 140 GST Paid (Outlays) 2,500.14 160 Buildings and Improvements (Cost) 350,000.00 161 Accumulated Depreciation - Bldgs and Improvements 44,479.00 170 Hire Equipment (Cost) 110,989.45 171 Accumulated Depreciation - Hire Equipment 68,939.00 180 Motor Vehicles (Cost) 29,900.00 181 Accumulated Depreciation - Motor Vehicles 9,468.00 190 Store Equipment (Cost) 14,700.00 191 Accumulated Depreciation - Store Equipment 6,799.00 200 Accounts Payable 5,345.00 210 GST Collected 6,736.79 220 PAYG Withholding Payable 1,660.00 230 Superannuation Payable 414.00 240 Wages and Salaries Payable 80.00 280 Bank Loan 219,191.67 310 Capital 151,156.00 315 Drawings 39,002.00 400 Hire Service Income 127,215.72 410 Lesson Income 30,810.00 420 Discounts Received 519.46 430 Freight Collected 85.00 440 Profit on Sale of PPE 281.73 600 Advertising 2,150.00 605 Bank Charges 127.10 605 Bank Charges 127.10 610 Cleaning 900.00 615 Depreciation 38,658.00 620 Discounts Given 309.60 625 Electricity 3,480.50 630 Freight Expense 1,114.17 635 Insurance 4,575.00 640 Interest Expense 15,194.47 645 Motor Vehicle Expenses 2,610.00 650 Office Supplies 118.80 655 Printing and Postage 164.55 660 Rates and Taxes 1,977.00 665 Repairs and Maintenance 995.00 670 Surf Instruction Charges 14,929.09 675 Staff Amenities 260.83 680 Superannuation 1,818.00 685 Telephone 1,479.60 690 Wages and Salaries 20,280.00 673,180.37 673,180.37 part (k) Click here to access specific templates/working documents designed to assist in answering the question if you prefer to work offline. Please note the assessment will still need to be completed online to be submitted for grading. Using the adjusted trial balance above, complete the general journal entries to close off the accounts for the end of the reporting period, post to and balance the general ledger accounts. (Note: Enter accounts in ascending account number order according to the chart of accounts.) GENERAL JOURNAL Date Description Post Ref Debit C (To close income accounts) GENERAL JOURNAL Date Description Post Ref Debit June (To close expense accounts) (To transfer profit for the year) (To close drawings to capital account)

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