Data Table Big Rita's Music Company uses a perpetual inventory system. The adjusted trial balance of Big Rita's Music Company at June 30, 2024, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Big Rita's Music Company Adjusted Trial Balance Requirement 1. Prepare Big Rita's multi-step income statement for the year ended June 30, 2024. (Use a minus sign or parentheses to show oth June 30, 2024 Big Rita's Music Company Income Statement Balance Account Title Debit Credit Year Ended June 30, 2024 Cash $ 4,000 Accounts Receivable 38,400 Merchandise Inventory 17,300 Estimated Returns Inventory 350 Office Supplies 500 Furniture 39,400 $ 8,900 13,500 850 Accumulated Depreciation Furniture Accounts Payable Refunds Payable Salaries Payable Unearned Revenue Notes Payable, long-term Common Stock 500 7,100 13,000 10,000 Net Income (Loss) Retained Earnings 13,400 Dividends 41,000 Requirement 2. Journalize Big Rita's closing entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry Start by closing revenues and other credit accounts for the period. Do not close the expenses; this will be done in the next step. Print Done Choose from any list or enter any number in the input fields and then continue to the next question. Data Table Big Rita's Music Company uses a perpetual inventory system. The adjusted trial balance of Big Rita's Music Company at June 30, 2024, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Merchandise inventory TT,JUU 350 Requirement 1. Prepare Big Rita's multi-step income statement for the year ended June 30, 2024. (Use a minus sign or parentheses to show oth| Estimated Returns Inventory Office Supplies 500 Big Rita's Music Company 39,400 Income Statement $ 8,900 Year Ended June 30, 2024 13,500 Furniture Accumulated Depreciation Furniture Accounts Payable Refunds Payable Salaries Payable Unearned Revenue Notes Payable, long-term 850 500 7,100 13,000 Common Stock 10,000 Retained Earnings 13,400 Dividends 41,000 Sales Revenue 180,000 Sales Discounts Forfeited 500 Cost of Goods Sold 72,000 18,900 Selling Expense Administrative Expense 14,000 1,900 Net Income (Loss) Interest Expense $ 247,750 $ 247,750 Total Requirement 2. Journalize Big Rita's closing entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry Start by closing revenues and other credit accounts for the period. Do not close the expenses; this will be done in the next step. Print Done Choose from any list or enter any number in the input fields and then continue to the next question. Big Rita's Music Company uses a perpetual inventory system. The adjusted trial balance of Big Rita's Music Company at June 30, 2024, follows: Click the icon to view the adjusted trial balance.) Read the requirements. TEL MIT LUS Requirement 2. Journalize Big Rita's closing entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenues and other credit accounts for the period. Do not close the expenses; this will be done in the next step. Date Accounts and Explanation Debit Credit Jun. 30 Clos. (1) Close expenses for the period. Date Accounts and Explanation Debit Credit Jun. 30 Clos. (2) Close Income Summary. Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. ? 0 Big Rita's Music Company uses a perpetual inventory system. The adjusted trial balance of Big Rita's Music Company at June 30, 2024, follows: Click the icon to view the adjusted trial balance.) Read the requirements. Close Income Summary. Date Accounts and Explanation Debit Credit Jun. 30 Clos. (3) Close Dividends. Date Accounts and Explanation Debit Credit Jun. 30 Clos. (4) Requirement 3. Prepare a post-closing trial balance as of June 30, 2024. Big Rita's Music Company Post-Closing Trial Balance June 30, 2024 Balance Choose from any list or enter any number in the input fields and then continue to the next question. ? Big Rita's Music Company uses a perpetual inventory system. The adjusted trial balance of Big Rita's Music Company at June 30, 2024, follows: Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 3. Prepare a post-closing trial Dalance as of June 30, 2024. Big Rita's Music Company Post-Closing Trial Balance June 30, 2024 Balance Account Title Debit Credit Total Choose from any list or enter any number in the input fields and then continue to the next