Ernest Real Estate Appraisal Adjusted Trial Balance June 30, 2018 Balance Account Title Debit Credit Cash $5,000 Accounts Receivable 5,500 Office Supplies 2,400 Prepaid Insurance 2,700 Land 13,200 Building 79,000 Accumulated Depreciation—Building $25,300 Accounts Payable 19,400 Interest Payable 8,000 Salaries...

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Ernest Real Estate Appraisal
Adjusted Trial Balance
June 30, 2018
		Balance
	Account Title	Debit	Credit
	Cash	$5,000
	Accounts Receivable	5,500
	Office Supplies	2,400
	Prepaid Insurance	2,700
	Land	13,200
	Building	79,000
	Accumulated Depreciation—Building		$25,300
	Accounts Payable		19,400
	Interest Payable		8,000
	Salaries Payable		1,700
	Unearned Revenue		700
	Notes Payable (long-term)		45,000
	Common Stock		6,000
	Retained Earnings		35,000
	Dividends	26,000
	Service Revenue		47,800
	Insurance Expense	3,900
	Salaries Expense	32,600
	Supplies Expense	900
	Interest Expense	8,000
	Utilities Expense	1,800
	Depreciation Expense—Building	7,900
	Total	$188,900	$188,900

1.	Prepare the company's income statement for the year ended June 30 comma 2018June 30, 2018.
2.	Prepare the company's statement of retained earnings for theyear ended June 30 comma 2018June 30, 2018.
3.	Prepare the company's classified balance sheet in report format June 30, 2018.
4.	Journalize the closing entries.
5.	T-accounts have been opened using the balances from the adjustedtrial balance. Post the closing entries to the T-accounts.
6.	Prepare the company's post-closing trial balance at JJune 30, 2018.

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