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begin{tabular}{|c|c|c|c|c|} hline Accumulated Depreciation-Furniture & & & $ & 8,300 hline Accounts Payable & & & & 13,000 hline Refunds Payable & &

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\begin{tabular}{|c|c|c|c|c|} \hline Accumulated Depreciation-Furniture & & & $ & 8,300 \\ \hline Accounts Payable & & & & 13,000 \\ \hline Refunds Payable & & & & 600 \\ \hline Salaries Payable & & & & 700 \\ \hline Unearned Revenue & & & & 7,300 \\ \hline Notes Payable, long-term & & & & 13,500 \\ \hline Sylvia, Capital & & & & 35,800 \\ \hline Sylvia, Withdrawals & & 40,500 & A & \\ \hline Sales Revenue & & & & 179,900 \\ \hline Sales Discounts Forfeited & & & & 100 \\ \hline Cost of Goods Sold & & 81,000 & & \\ \hline Selling Expense & & 19,100 & & \\ \hline Administrative Expense & & 17,000 & & \\ \hline Interest Expense & & 1,400 & & \\ \hline Total & $ & 259,200 & $ & 259,200 \\ \hline \end{tabular} Income Statement Year Ended June 30, 2024 1. Prepare Sylvia's multi-step income statement for the year ended June 30, 2024. 2. Journalize Sylvia's closing entries. 3. Prepare a post-closing trial balance as of June 30,2024 . \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{\begin{tabular}{c} Sylvia's Music Company \\ Adjusted Trial Balance \\ June 30,2024 \end{tabular}} \\ \hline & \multicolumn{3}{|c|}{ Balance } \\ \hline Account Title & \multicolumn{2}{|r|}{ Debit } & Credit \\ \hline Cash & $ & 3,700 & \\ \hline Accounts Receivable & & 38,500 & \\ \hline Merchandise Inventory & & 17,000 & A \\ \hline Estimated Returns Inventory & & 400 & \\ \hline Office Supplies & & 800 & \\ \hline Furniture & & 39,800 & \\ \hline Accumulated Depreciation-Furniture & & $ & 8,300 \\ \hline Accounts Payable & & & 13,000 \\ \hline Refunds Payable & & & 600 \\ \hline Salaries Payable & & & 700 \\ \hline \end{tabular}

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