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The adjusted trial balance of Edmond Real Estate Appraisal at June 30, 2024, follows: Click the icon to view the adjusted trial balance.) The adjusted trial balance of Edmond Real Estate Appraisal at June 30, 2024, follows: 'Click the icon to view the adjusted trial balance.) Read the Requirement 2. Prepare the company's statement of owner's equity for the year ended June 30, 2024. Assume that there were no contributions made by the owner during the year. (Use a minus sign or parentheses to show a net loss. Exclude any zero-balance events for the period from the statement of owner's equity.) The adjusted trial balance of Edmond Real Estate Appraisal at June 30, 2024, follows: 'Click the icon to view the adjusted trial balance.) The adjusted trial balance of Edmond Real Estate Appraisal at June 30, 2024, follows: Click the icon to view the adjusted trial balance.) Read the Requirement 4. Journalize the closing entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) The adjusted trial balance of Edmond Real Estate Appraisal at June 30, 2024, follows: Click the icon to view the adjusted trial balance.) Read the Requirement 4. Journalize the closing entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenues. Close expenses for the period. The adjusted trial balance of Edmond Real Estate Appraisal at June 30, 2024, follows: Click the icon to view the adjusted trial balance.) Read the Close Income Summary. Close withdrawals. Requirement 5. T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the T-accounts. Use "Clos." and the corresponding number as shown in the joumal entry as posting references-"Clos.(1)", "Clos.(2)", etc. The adjusted balance of each account has been entered for you. Post any closing entries to the accounts and then calculate the post-closing balance ("Bal.") of each account (including those that were not closed). For any accounts with a zero balance after closing, enter a "0" on the normal side of the account. For Income Summary, calculate and enter the balance ("Bal.") before posting the entry to close out the account. Post the entry to close Income Summary account on the same line as you entered the balance prior to closing (the second line) and then show the post-closing balance ("Bal.") on the last (third) line of the account. The adjusted trial balance of Edmond Real Estate Appraisal at June 30, 2024, follows: Click the icon to view the adjusted trial balance.) Read the Requirement 5. T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the T-accounts. Use "Clos." and the corresponding number as shown in the joumal entry as posting references-- "Clos.(1)", "Clos.(2)", etc. The adjusted balance of each account has been entered for you. Post any closing entries to the accounts and then calculate the post-closing balance ("Bal.") of each account (including those that were not closed). For any accounts with a zero balance after closing, enter a "0" on the normal side of the account. For Income Summary, calculate and enter the balance ("Bal.") before posting the entry to close out the account. Post the entry to close Income Summary account on the same line as you entered the balance prior to closing (the second line) and then show the post-closing balance ("Bal.") on the last (third) line of the account. Review the closing journal entries you prepared above. The adjusted trial balance of Edmond Real Estate Appraisal at June 30, 2024, follows: Click the icon to view the adjusted trial balance.) Read the The adjusted trial balance of Edmond Real Estate Appraisal at June 30, 2024, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 6. Prepare the company's post-closing trial balance at June 30, 2024. Review the ending balances of the T-accounts that you prepared in Requirement 5. The adjusted trial balance of Edmond Real Estate Appraisal at June 30, 2024, follows: (Click the icon to view the adjusted trial balance.) Requirements 1. Prepare the company's income statement for the year ended June 30,2024. 2. Prepare the company's statement of owner's equity for the year ended June 30,2024. (Assume that there were no contributions made by the owner during the year.) 3. Prepare the company's classified balance sheet in report form at June 30, 2024. 4. Journalize the closing entries. 5. T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the T-accounts. 6. Prepare the company's post-closing trial balance at June 30,2024
