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Kate Miller operates the Miller Dance Studio. The trial balance as of June 30 is as follows: Required c. Prepare an income statement for the
Kate Miller operates the Miller Dance Studio. The trial balance as of June 30 is as follows:
Required c. Prepare an income statement for the month of June. d. Prepare a statement of stockholders equity for the month of June. e. Prepare a balance sheet as of June 30. f. Prepare closing entries. g. Prepare a post-closing trial balance.
c.
d.
e.
f.
g.
MEHL DANCE STUDIO Trial Balance June 30 Debit Credit Cash 6,325 Accounts Receivable 10,180 Piano 5,000 Accounts Payable 465 Notes Payable 5,080 Common Stock 7,870 Retained Earnings 2,000 Dividends 900 7,500 Instructional Fees Earned Performance Revenue 2,100 Rent Expense 1,765 Utilities Expense 465 Advertising Expense 350 Interest Expense 30 25,015 25,015 TotalsStep by Step Solution
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