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	$ 4,300.00
Accounts Receivable	$ 38,100.00
Merchandise Inventory	$ 17,100.00
Estimated Returns Inventory	$ 250.00
Office Supplies	$ 400.00
Furniture	$ 40,000.00
Acc. Depr. Furniture		$ 9,000.00
Accounts Payable		$ 13,600.00
Refunds Payable		$ 500.00
Salaries Payable		$ 850.00
Unearned Revenue		$ 6,700.00
Notes Payable, long-term		$ 15,500.00
Common Stock		$ 12,000.00
Retained Earnings		$ 7,250.00
Dividends	$ 39,000.00
Sales Revenue		$ 185,000.00
Sales Discounts Forfeited		$ 350.00
Cost of Goods Sold	$ 74,000.00
Selling Expense	$ 19,400.00
Administrative Expense	$ 16,500.00
Interest Expense	$ 1,700.00
Total	$ 250,750.00	$ 250,750.00

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