The adjusted trial balance shown below is for Ezy Auto Parts at the end of its reporting period 30 June 2020.

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 provided below.

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