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ot chapicr urnalizing closing and preparing a post-closing trial...

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ot chapicr urnalizing closing and preparing a post-closing trial balance The adjusted trial balance of Rachael Rey Music Com multi-step income statement, journaliz Learning Objectives 4, 5 P5-36A Preparing at June 30, 208 1 Operating income 567,900 RACHAEL REY MUSIC COMPANY Adjusted Trial Balance June 30, 2018 Balance Debit Credit $ 4,000 38,400 18,100 300 39,900 Account Title Cash Accounts Receivable Merchandse Inventory Office Supplies s 8,200 13,800 850 7,500 17,000 27,350 Accumulated Depreciation- Furniture Accounts Payable Salaries Payable Unearned Revenue Notes Payable, long-term Rey, Capital Reyw.thdrawa is 40,000 Sales Revenue 184,000 Cost of Goods Sold 85,500 18,600 12,000 1,900 258,700 Selling Expense Administrative Expense interest Expense Total $ 258,700 Requirements 1. Prepare Rachacl Rey's multi-step income statement for the year ended June 30, 2018. 2. Journalize Rachael Rey's closing entries. 3. Prepare a post-closing trial balance as of June 30, 2018

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