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Read the requirements. Net Income (Loss) Ernest Real Estate Appraisal Income Statement Year Ended June 30, 2016 20.12.2020 Account Title Cash Accounts Receivable Office Supplies

Read the requirements. Net Income (Loss) Ernest Real Estate Appraisal Income Statement Year Ended June 30, 2016 20.12.2020 Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Building Ernest Real Estate Appraisal Adjusted Trial Balance June 30, 2016 Accumulated Depreciation-Building Data Tablo Balance Debit Credit 5,000 5,000 1,600 2,500 75,000 $ 26,400 12,000 Land Accounts Payable 18,600 Interest Payable 8,500 Salaries Payable 2,600 Unearned Revenue 7,700 Notes Payable (long-term) 35.000 Emest, Capital 38.000 Emest, Withdrawals 27,400 Service Revenue 49.600 Insurance Expense 4,900 Salaries Expense 34,200 Supplies Expense 500 Interest Expense 8,500 Utilities Expense 2,300 Depreciation Expense-Building 7.500 Tota S 186,400 S 186,400 20.12.2020 Requirements a n 1. Prepare the company's income statement for the year ended June 30, 2016. 2. Prepare the company's statement of owner's equity for the year ended June 30, 2016. Assume that there were no contributions made by the owner during the year. 3. Prepare the company's classified balance sheet in report form at June 30, 2016. 4. Joumalize the closing entries. 5. T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the T-accounts. S 6. Prepare the company's post-closing trial balance at June 30, 2016image text in transcribedimage text in transcribedimage text in transcribed

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