There is a travel agency operating in a suburban shopping centre in Broome called Top End 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 2020. Also show any suitable reversing entries on 1 July 2020.

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Account Cash at bank Accounts receivable Office supplies Prepaid insurance Prepaid rent on premises Office equipment Accumulated depreciation office equipment Accounts payable Yim Yu Chang, Capital Yim Yu Chang, Drawings Commission revenue Salaries expense General expense Office supplies expense Insurance expense Rent expense Depreciation expense Salaries payable - office equipment Trial balance at 30 June 2020 $ 7200 9000 4850 5400 6400 73 800 18000 74050 15000 62 500 24 300 8 600 II Adjusted trial balance at 30 June 2020 $ 7200 10500 1500 1200 1200 73 800 7800 18200 74050 15 000 64 000 25 400 8800 3350 4200 5200 7800 1100