Pamela Potter Theater Company uses a perpetual inventory system. The adjusted trial balance of Pamela Potter Theater Company at June $30,2024,$ follows:

$($Click the icon to view the adjusted trial balance.$)$

Read the requirements.

Requirements

Prepare Pamela Potter's multi$-$step income statement for the year ended June $30,2024.$

Journalize Pamela Potter's closing entries.

Prepare a post$-$closing trial balance as of June $30,2024.$

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Requirement $2.$ Journalize Pamela Potter'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.

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[\backslash$table$[[$Jun$.30],[$Clos$.(1)]],$Sales Revenue,$188,000,188,000],[$Income Summary,$],[7,],[$To close revenues and other credit accounts.,,$]]$