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

Account Name	Adjusted Trial Balance
	Debit $	Credit $
Cash at Bank	109 500
Accounts Receivable	70 000
Prepaid Rent	15 000
Plant	310 000
Accumulated. Depreciation Plant		155 000
Accounts Payable		55 000
Wages Payable		25 000
Unearned Sales Revenue		12 000
Capital		280 000
Sales Revenue		285 000
Drawings - Kane	2500
Wages Expense	205 000
Telephone Expense	25 000
Rent Expense	40 000
Depreciation Expense	35 000
Totals	812 000	812 000

Required

a) Prepare the required closing entries for Kane Auto Parts for the year ended 30 June 2020. Narrations are required. (13 Marks)

b) Prepare Kanes Capital account using the T-account provided below. (2 Marks) (Total 15 Marks)

Kane, Capital

Date	Explanation	Amount ($)	Date	Explanation	Amount ($)