Please refer to Chapter 16 Closing Entries learning materials to complete the following questions: Kumon Kids Ltd provided a trial balance for the year ended 30 June 2021. Only the balance date adjustment entries have been posted to the general ledger. Kumon Kids Ltd Trial Balance on 30 June 2021 Debit Credit Account Payable $ 16,150 Accounts Receivable $ 35,870 Accrued Expenses 1,900 Advertising 5,400 Allowance for Doubtful Debts 1,000 Bad Debts 2,900 Bank Fees 975 Capital 428,175 Cartage Outwards 2,015 Drawings 45,000 Bank Overdraft 5,260 Cost of Goods Sold 106,500 Electricity 8,640 Furniture & Equipment 148,600 GST Collected (Payable) 10,370 Insurance 11,500 Interest Expense 9,475 Interest Income 10,300 Inventory 16,740 Land & Buildings 300,000 Lease Expenses 8,400 Long Term Loan 128,000 Motor Vehicles 110,500 Postage & Stationery 3,600 Rent 9,600 Repairs & Maintenance 1,200 Salaries - Office 98,000 Salaries - Sales staff 85,000 Sales 408,760 $1,009,915 $1,009,915 Task 9 Prepare Closing General Journal entries on 30 June 2021