The accounts below are taken from the ledger of Bartel Music Consulting on 30 June 2025, the end of the current financial year.

Required

(a) Using the General Journal, show the closing entries which have been posted to the ledger accounts above.

(b) Prepare a statement of changes in equity as at 30 June.

Transcribed Image Text:

S. Hudson, capital S. Hudson, drawings 30/6 70 990 1/7 39 110 15/8 21 000 30/6 70 990 30/6 53 070 29/10 13 670 18/11 12 700 14/1 23 620 Profit or loss summary 30/6 127 880 30/6 180 950 30/6 53 070