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Requirements 1. Prepare the company's income statement for the year ended June 30, 2024. 2. Prepare the company's statement of retained earnings for the
Requirements 1. Prepare the company's income statement for the year ended June 30, 2024. 2. Prepare the company's statement of retained earnings for the year ended June 30, 2024. 3. Prepare the company's classified balance sheet in report form at June 30, 2024. 4. Journalize 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. 6. Prepare the company's post-closing trial balance at June 30, 2024. - X Estella Real Estate Appraisal Adjusted Trial Balance June 30, 2024 Balance Account Title Debit Credit Cash Accounts Receivable Office Supplies $ SA 4,300 4,700 1,600 Prepaid Insurance 2,000 Land 13,900 Building 80,000 Accumulated Depreciation-Building 26,500 Accounts Payable 18,200 Interest Payable 8,900 Salaries Payable 1,700 Unearned Revenue 5,050 Accounts Payable Interest Payable 18,200 8,900 Salaries Payable 1,700 Unearned Revenue 5,050 Notes Payable (long-term) 42,000 Common Stock 1,000 Retained Earnings 39,500 Dividends 26,700 Service Revenue 48,300 Insurance Expense 4,100 Salaries Expense 34,200 Supplies Expense 250 Interest Expense 8,900 Utilities Expense 2,500 Depreciation Expense-Building 8,000 $ 191,150 $ 191,150 Total The adjusted trial balance of Estella Real Estate Appraisal at June 30, 2024, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Current Assets: Cash Accounts Receivable Office Supplies Prepaid Insurance Building June 30, 2024 Assets Less: Accumulated Depreciation-Building
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