Question: Please answer questions above Closing entries Fred Thomas founded Fred's Fishing Supplies on 1 July 2022. The adjusted trial balance at 30 June 2023 (the

Please answer questions above Closing entries Fred Thomas founded Fred's Fishing

Supplies on 1 July 2022. The adjusted trial balance at 30 June

Please answer questions above

Closing entries Fred Thomas founded Fred's Fishing Supplies on 1 July 2022. The adjusted trial balance at 30 June 2023 (the end of the financial year) is shown below. Required Prepare closing entries to be made on 30 June 2023. Date Account names Debit Credit 30 June 2023 (Close income account to Profit or Loss Summary) 30 June 2023 (Close expense accounts to Profit or Loss Summary) 30 June 2023 (Close Profit or Loss Summary to Capital) 30 June 2023 (Close Drawings to Capital)

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