Using the adjusted trial balance above, complete the general journal entries to close off the accounts for the end of the reporting period, post to and balance the general ledger accounts.

 

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Pro Diver Adjusted Trial Balance as at 30 June 20XX Account Account Debit Credit Number 100 Bank Account 7,219.02 105 Petty Cash 200.00 110 Accounts Receivable 7,570.00 Prepaid Insurance Prepaid Rates and Taxes 120 130 140 GST Paid (Outlays) 2,496.10 160 Buildings and Improvements (Cost) 350,000.00 Accumulated Depreciation - Bldgs and Improvements 161 44,479.00 170 Hire Equipment (Cost) 110,985.18 171 Accumulated Depreciation - Hire Equipment 68,960.00 180 Motor Vehicles (Cost) 29,900.00 181 Accumulated Depreciation - Motor Vehicles 9,468.00 190 Store Equipment (Cost) 14,700.00 Accumulated Depreciation Store Equipment 191 6,799.00 200 Accounts Payable 5,330.00 210 GST Collected 6,739.74 220 PAYG Withholding Payable 1,660.00 230 Superannuation Payable 414.00 240 Wages and Salaries Payable 80.00 280 Bank Loan 219,191.67 310 Capital 151,156.00 Pro Diver Adjusted Trial Balance as at 30 June 20XX Account Account Debit Credit Number 100 Bank Account 7,219.02 105 Petty Cash 200.00 110 Accounts Receivable 7,570.00 Prepaid Insurance Prepaid Rates and Taxes 120 130 140 GST Paid (Outlays) 2,496.10 160 Buildings and Improvements (Cost) 350,000.00 Accumulated Depreciation - Bldgs and Improvements 161 44,479.00 170 Hire Equipment (Cost) 110,985.18 171 Accumulated Depreciation - Hire Equipment 68,960.00 180 Motor Vehicles (Cost) 29,900.00 181 Accumulated Depreciation - Motor Vehicles 9,468.00 190 Store Equipment (Cost) 14,700.00 Accumulated Depreciation Store Equipment 191 6,799.00 200 Accounts Payable 5,330.00 210 GST Collected 6,739.74 220 PAYG Withholding Payable 1,660.00 230 Superannuation Payable 414.00 240 Wages and Salaries Payable 80.00 280 Bank Loan 219,191.67 310 Capital 151,156.00