Merchandising Ope Learning Objectives 25-400 Preparing a multi-step income statement, journalizing dosing entries and preparing a post-closing trial balance The adjusted trial balance of Daddy's Music Company at April 30, 2015, follows: 1. Operating income 55 DADDY'S MUSIC COMPANY Adjusted Trial Balance April 30, 2015 Credit Account Title $ Balance Debit 4,300 38.200 17,800 600 39,400 5 9.000 13,600 1.200 6.600 14,000 40,100 Accounts Receivable Merchandisinventory Office Supplies Furniture Accumulated Depreciation - Furniture Accounts Payable Salaries Payable Uneared Revenue Notes Payabile, long-term Otoutan, Capital Otosan, Withdrawal Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold Selling Expense Administrative Expense Interest Expense Total 40,000 180,000 6,500 1,500 81,800 19.200 14,000 1.200 $ 264,500 $ 264,500 Requirements 1. Prepare Daddy's multi-step income statement for the year ended April 30, 2015. 2. Journalize Daddy's closing entries. 3. Prepare a post-closing trial balance as of April 30, 2015