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Question - The adjusted trial balance of K&C Ltd at 30 June is as follows.
Trial balance as 30 June
Dr Cr
Cash at bank 15,750
Accounts receivable 6,800
Office supplies inventory 600
Equipment 32,000
Accumulated depreciation - equipment 1,750
Accounts payable 1,840
Salaries payable 1,800
Interest payable 250
Rent revenue received in advance 500
Bank Loan 15,000
Share capital 23,500
Retained earnings 1,500
Dividends 600
Sales revenue 18,600
Rent revenue 12,000
Salaries expense 11,340
Rent expense 6,000
Depreciation expense - equipment 1,750
Supplies expense 900
Electricity expense 750
Interest expense 250
76,740 76,740
Required - Prepare the closing entries at 30 June?
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