Fred Thomas founded Fred’s Fishing Supplies on 1 July 2025. The adjusted trial balance at 30 June 2026 (the end of the financial year) is shown below.

Required

(a) Prepare closing entries to be made on 30 June 2026.

(b) Prepare a post-closing trial balance as at 30 June 2026.

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BEN'S BUILDING BUILDERS Adjusted trial balance as at 30 June 2026 Account Cash at bank Accounts receivable Building supplies Prepaid insurance Utility Vehicle Accumulated depreciation - Utility Debit Credit $52 430 64 760 15 420 7 170 92 520 $46 260 15 420 Vehicle Accounts payable Salaries payable 5 240 Interest payable 8 020 Mortgage payable 20 050 Unearned revenue 17 270 B. Johns, capital 46 250 B. Johns, drawings 37 010 Sales 180 110 Salaries expense 36 080 Insurance expense 2 780 Interest expense 1 540 Depreciation expense 10 790 Building supplies expense 5 240 Rent expense 12 340 $338 620 $338 620