Question: Hi there, could i please help with creating a closing entry. Thank you very much! Question 21:! - 6 marks Robert Walters, a sole trader,

Hi there, could i please help with creating a closing entry. Thank you very much!

Question 21:! - 6 marks Robert Walters, a sole trader, owns and operates 'Hope Pharmacy' in North Adelaide. The following accounts and account balances have been extracted from the adjusted trial balance of 'Hope Pharmacy' for the year ended 30 June 2021. Name of Accounts Balance 5 Robert Walters, Capital 290,800 Robert Walters, Drawings 45,300 Wages Expense 24,600 Sales Revenue 245,000 Insurance Expense 9,500 Depreciation Expense 10,000 Rent Expense 18,000 Cost of Sales 150,000 Rental Income 25,000 REQUIRED: Based on the information provided above, record the required closing entries for Hope Pharmacy' for the year ended 30 June 2021. To assist you, journal entry templates have been provided on the following two pages (please note you do not have to use all of them). General Journal - Closing Entries (6 marks) Date Particulars Debit Credit (5) l5) 30 June

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