P5-36A Preparing a multi-step income statement, journalizing closing entries, and preparing a post-closing trial balance The adjusted trial balance of Rachael Rey Music Company at June 30, 2018, follows: RACHAEL REY MUSIC COMPANY Adjusted Trial Balance June 30, 2018 Balance Account Title Debit Credit Cash $ 4,000 Accounts Receivable 38.400 Merchandise Inventory 18,100 Office Supplies 300 Furniture 39.900 Accumulated Depreciation - Furniture $ 8.200 Accounts Payable 13,800 Stories Payable 850 Uncanned in 7.500 Tiyat 17,000 27,350 10,000 184.000 85,500 18.500 12.000 1.900 Toa $ 255,700 $ 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 entries 3. Prepare a post-closing trial balance as of June 30, 2018