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all the requirements 226 chapter 4 > Problems Group A P4-29A Preparing financial ified balance in report form, preparing and posting closing entries, and e

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all the requirements

226 chapter 4 > Problems Group A P4-29A Preparing financial ified balance in report form, preparing and posting closing entries, and e sh post-closing trial balance statements including a classified b Learning Objectives 1, 3,4 prepa 1 Net Loss $(9,500) The adjusted trial balance of Erickson Real Estare Appraisal at June 30 ERICKSON REAL ESTATE APPRAISAL Adjusted Trial Balance June 30, 2018 Balance Debit Credit 4,600 5,300 1,500 1,700 13,000 82,000 Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Land Building s 25,200 18,700 8,500 2,400 Accumulated Depreciation-Building Accounts Payable Interest Payable salaries Payable Unearned Revenue 40,000 42,500 Notes Payable (long-term) Erickson, Capital 27,300 Erickson, Withdrawals Service Revenue Insurance Expense Salaries Expense Supplies Expense Interest Expense Utilities Expense 4400 48, 100 4,400 33,500 300 8,500 2,700 8,200 Depreciation Expense-Building Total 193000193,000 Requirements 1. Prepare the company's income statement for the year ended June 30, 2018. 2. Prepare the company's statement of owner's equity for the year ended June 30, 2018. Assume that there were no contributions made by the owner during the yeat. 3. Prepare the company's classfied balance sheet in report form at June 30, 2018 4. Journalize the closing entries. 5. Open the T-accounts using the balances from the adjusted trial balance, and pos the closing entries to the T-accounts. 6. Prepare the company's post-closing trial balance at June 30, 2018

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