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The adjusted trial balance shown below is for Willett Real Estate at the end of its reporting period 30 June 2021. Debit $ Credit $ 10400 9400 700 2500 14000 4800 100-Cash at bank 101-Accounts receivable 102-Office supplies 103-Prepaid insurance 104-Office equipment 105-Accumulated depreciation-office equipment 200-Accounts payable 201-Salaries payable 202-Rent revenue received in advance 300-Willett, Capital 301-Willett, Drawings 400-Service revenue 5800 1100 700 16200 600 46400 18100 500-Salaries expense 501-Office supplies expense 1600 502-Rent expense 15000 503-Insurance expense 1500 504-Depreciation expense-office equipment 1200 75000 75000 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 Willett 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 ($). DO NOT use thousands separators (i.e. commas: eg: 2,000; space: eg: 2 000; or full stop: eg: 2.000) when typing the amounts. NO decimals. (13 Marks) Required a) The closing entries of the following journal is incomplete. You are required to select the missing entries and narrations from the drop-down list to complete the closing entries of Willett Real Estate for the year ended 30 June 2021. The entries must follow the chart of accounts reference number order where appropriate. The amounts must be typed in the space provided. DO NOT type the dollar sign ($). 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) Date Account Name Debit ($) Credit ($) 30/6 30/6 600-P&L summary . . 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 Willett 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 ($). DO NOT use thousands separators (i.e. commas: eg: 2,000; space: eg: 2 000; or full stop: eg: 2.000) when typing the amounts. No decimals. (13 Marks) Date Account Name Debit ($) Credit ($) 30/6 30/6 600-P&L summary . . 30/6 (Closing off P&L summary) 30/6 . b) Complete Willett's Capital account using the T-account provided below. Select the correct entries from the drop-down list. The amounts must be typed in the space provided. DO NOT type the dollar sign ($). 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. (7 Marks) (Total 20 Marks) Willett, Capital Date Explanation Amount ($) Date Explanation Amount ($)

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