The adjusted trial balance columns in the worksheet of Elliot Painting Services are as follows.

Required

(a) Complete the worksheet.

(b) Prepare the closing entries necessary at 30 June 2025, assuming that this date is the end of the entity’s accounting period.

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Account Cash at bank Accounts receivable Prepaid rent Office supplies Equipment Accumulated depreciation Accounts payable Salaries payable ELLIOT PAINTING SERVICES Worksheet (partial) for the year ended 30 June 2025 Adjusted trial balance Statement of financial performance Debit Credit Debit $ 1230 75 600 1800 8320 160000 $ 25000 54000 8760 Unearned revenue F. Elliot, capital F. Elliot, drawings Painting revenue 3430 101 500 22000 219 650 Salaries expense 106000 Rent expense 6050 Depreciation expense 8040 Telephone expense 4020 Office supplies expense 10080 Sundry expenses 9200 $412 340 $412340 Profit for the period Totals Statement of financial position Credit Debit Credit