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. Account Payable Accounts Receivable Accrued Expenses Advertising Allowance for Doubtful Debts Bad Debts Kumon Kids Ltd - Trial Balance on 30 June 2021 Debit Credit $ 16,150 $ 35,870 1,900 5,400 1,000 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 Interest Income Inventory Land & Buildings Lease Expenses Long Term Loan 9,475 10,300 16,740 300,000 8,400 128,000 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 Answer: General Journal of Kumon Kids Ltd Date Particulars Debit Credit Task 10 Prepare Income Statement for the year ended 30 June 2021. Answer: Kumon Kids Ltd Income Statement for the year ended 30 June 2021 | Task 11 Prepare Trial balance (after closing entries) as of 30 June 2021. Answer: Kumon Kids Ltd Trial Balance as of 30 June 2021 (Ctrl)