closing entries, 304 chapter 5 multi-step income statement, journalizi trial balance Learning Objectives 4,s P5-36A Preparing tng a pos 1. Operating income $67,900 The ndjusted crial balance of Rachael Rey Music Company at June 30, 2018 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 Merchandise Inventory Office Supplies Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue $8,200 13,800 850 7,500 17,000 27,350 Notes Payable, long-term Rey, Capital Rey, Withdrawals 40,000 Sales Revenue Cost of Goods Sold Selling Expense 184,000 85,500 18,600 12,000 1,900 Administrative Expense Interest Expense Total $258,700 258,700 Requirements 1. Prepare Rachael Rey's multi-step income statement for the year ended June 30, 2018. 2. Journalize Rachael Rey's closing entrics. 3. Prepare a post-closing trial balance as of June 30, 2018