PLEASE COMPLETE QUESTION 3B WITH THE INSTRUCTIONS BELOW.

The unadjusted trial balance of PS Music as of July 31, 2018, along with the adjustment data for the two months ended July 31, 2018, are shown in Chapter 3. Based upon the adjustment data, the following adjusted trial balance was orepared PS Music ADJUSTED TRIAL BALANCE July 31, 2018 ACCOUNT TITLE CREDIT 9,945.00 4,150.00 275.00 2,475.00 7,500.00 Cash 2 Accounts Recelvable Supplies Prepaid Insurance 5 Office Equipment 6Accumulated Depreciation-Office Equipment 7 Accounts Payable 8 Wages Payable 9 Unearned Revenue 10 Common Stock 11 Dividends 12 Fees Earned 15 Wages Expense 14 Office Rent Expense 50.00 8,350.00 140.00 3,600.00 9,000.00 1,750.00 21,200.00 2,940.00 2,550.00 1,375.00 1,215.00 3,610.00 1,500.00 925.00 225.00 50.00 1,855.00 42,340.00 15 Equipment Rent Expense 16 Utilities Expense 17 Music Expense 18 Advertlsing Expense 19 Supplies Expense 20Insurance Expense 21 Depreciation Expensa 22 Miscellaneous Expense 13 Totals 42,340.00 Required: 1. (Optional) Using the data from Chapter 3, prepare an end-or-perod spreadsheet on a sheet of paper or using spreadsneet sotware 2. Prepare an income statement, a retained earnings statement, and a balance sheet 3. A. Joumalze the closing entnes. Refer to the Chat o Accounts for exact wordling or account tires. B. Post the closing entries The income summary account is #34 n the edger of PS Music. Indicate closed accounts by inserting a 0 (zero) in either of the Balance columns opposite the closing entry. No entry is required in the Item column. 4. Prepare a post-ciosing tnai balance. For gidance in completing the financial statements, be sure to read the instructions above each statement carefuily