Proud Pappa Music Company uses a perpetual inventory system. The adjusted trial balance of Proud Pappa Music Company at June 30 comma 2018, follows:

Requirements:

1. Prepare Proud Pappa's multi-step income statement for the year ended June 30, 2018.

2. Journalize Proud Pappa's closing entries.

3. Prepare a post-closing trial balance as of June 30, 2018.

June 30, 2018 Balance Credit Debit Account Title 4,500 Cash 38,200 Accounts Receivable 17.500 Merchandise Inventory 650 Office Supplies 40,200 Furniture 8,500 Accumulated Depreciation-Furniture 13,600 Accounts Payable 1,100 Salaries Payable 6900 Unearned Revenue 13,500 Notes Payable, long-term 5,000 Common Stock Retained Earnings 26 550 Dividends 42,000 Sales Revenue 186,000 Cost of Goods Sold 83,700 Selling Expense 18,900 Administrative Expense 14,500 1,000 Interest Expense 261,150 S 261,150 Total Print Done hter any number in the input fields and then continue to the next