Rockin Rick MusicRockin Rick Music Company uses a perpetual inventory system. The adjusted trial balance of Rockin Rick MusicRockin Rick Music Company at June 30 comma 2016June 30, 2016, follows:

Requirements

3.

Prepare a post-closing trial balance as of June 30 comma 2016June 30, 2016.

Rockin Rick Music Company
Adjusted Trial Balance
June 30, 2016
		Balance
	Account Title	Debit	Credit
	Cash	$4,500
	Accounts Receivable	39,500
	Merchandise Inventory	17,500
	Office Supplies	400
	Furniture	40,000
	Accumulated DepreciationFurniture		$9,000
	Accounts Payable		14,100
	Salaries Payable		850
	Unearned Revenue		6,600
	Notes Payable, long-term		14,500
	Common Stock		5,000
	Retained Earnings		34,250
	Dividends	40,500
	Sales Revenue		182,000
	Sales Returns and Allowances	1,500
	Sales Discounts	5,500
	Cost of Goods Sold	81,900
	Selling Expense	18,600
	Administrative Expense	15,000
	Interest Expense	1,400
	Total	$266,300	$266,300