Rachel Rey's Music Company uses a perpetual inventory system. The Adjusted trial Balance of Rachael Rey's Music company at June 30, 2024, follows:

Rachael Rey's Music Company
Adjusted Trial Balance
30-Jun-24
	Balance
Account Title	Debit	Credit
Cash			$4,300
Accounts Receivable	38,100
Merchandise Inventory	17,100
Estimated Returns Inventory	250
Office Supplies		400
Furniture			40,000
Accumulated Depreciation Furniture	$9,000
Accounts Payable			13,600
Refunds Payable			500
Salaries Payable			850
Unearned Revenue			6,700
Notes Payable, long-term		15,500
Common Stock			12,000
Retained Earnings			7,250
Dividends		39,000
Sales Revenue			185,000
Sales Discounts Forfeited		350
Cost of Goods Sold		74,000
Selling Expense		19,400
Administrative Expense	16,500
Interest Expense		1,700
Total			$250,750	$250,750

1	Prepare Rachael Rey's multi-step income statement for the year ended June 30, 2024
2	Journalize Rachael Rey's closing entries
3	Prepare a post-closing trial balance as of June 30, 2024