There is a travel agency operating in a suburban shopping centre in Longreach called Outback Tours. Two trial balances prepared at different stages of the accounting cycle are presented below (account balances are all normal and GST is ignored). 

Required

Show, in general journal format, the adjusting and closing entries that would have been made on 30 June 2026. Show also any suitable reversing entries on 1 July 2026.

Transcribed Image Text:

Account Cash at bank Accounts receivable Office supplies Prepaid insurance Prepaid rent on premises Office equipment Accumulated depreciation-office equipment Accounts payable H. Jackman, capital H. Jackman, drawings Commission revenue Salaries expense Trial balance at 30 June 2026 $7200 Adjusted trial balance at 30 June 2026 $7200 9000 4850 5400 6400 73 800 18000 74 050 15000 62 500 10500 1500 1200 1200 73 800 7800 18 200 74 050 15000 64 000 General expense Office supplies expense Insurance expense Rent expense Depreciation expense office equipment Salaries payable 24 300 25 400 8600 8800 3350 4200 5200 7 800 1100