Accounting Homework help Can someone help me with this? 4-8iContinuing Problem

The unadjusted trial balance ofPSMusicas of July 31, 2016, along with the adjustment data for the two months ended July 31, 2016, are shown inChapter 3. Based upon the adjustment data, the following adjusted trial balance was prepared:

Instructions

(Optional)Using the data fromChapter 3, prepare an end-of-period spreadsheet. Prepare an income statement, a retained earnings statement, and a balance sheet.AnswerCheck Figure:Net income: $4,955 Journalize and post the closing entries. The retained earnings account is #33 and the income summary account is #34 in the ledger ofPSMusic. Indicate closed accounts by inserting a line in both Balance columns opposite the closing entry. Prepare a post-closing trial balance.