The adjusted trial balance shown below is for Ezy Auto Parts at the end of its reporting period 30 June 2020. ADJUSTED TRAIL BALANCE ATTATCHED AS PHOTO

Required

a) Prepare the required closing entries for Ezy Auto Parts for the year ended 30 June 2020. Narrations are required.

b) Prepare Ezys Capital account using the T-account format

Adjusted Trial Balance Account Name Debit $ Credit $ 99 500 60 000 5 000 300 000 145 000 Cash at Bank Accounts Receivable Prepaid Rent Plant Accumulated. Depreciation Plant Accounts Payable Wages Payable Unearned Sales Revenue Capital - Ezy Sales Revenue Drawings - Ezy 45 000 15 000 0 250 000 275 000 500 195 000 15 000 Wages Expense Telephone Expense Rent Expense Depreciation Expense Totals 30 000 25 000 730 000 730 000