Question
Rockin Robbin Music Company Adjusted Trial Balance June 30, 2018 Balance Account Title Debit Credit Cash $3,600 Accounts Receivable 38,700 Merchandise Inventory 17,800 Office Supplies
Rockin Robbin Music Company | |||
Adjusted Trial Balance | |||
June 30, 2018 | |||
Balance | |||
Account Title | Debit | Credit | |
Cash | $3,600 | ||
Accounts Receivable | 38,700 | ||
Merchandise Inventory | 17,800 | ||
Office Supplies | 800 | ||
Furniture | 39,600 | ||
Accumulated DepreciationFurniture | $8,900 | ||
Accounts Payable | 14,100 | ||
Salaries Payable | 1,100 | ||
Unearned Revenue | 6,900 | ||
Notes Payable, long-term | 13,000 | ||
Robbin, Capital | 33,250 | ||
Robbin, Withdrawals | 43,000 | ||
Sales Revenue | 189,000 | ||
Cost of Goods Sold | 85,050 | ||
Selling Expense | 19,100 | ||
Administrative Expense | 17,500 | ||
Interest Expense | 1,100 | ||
Total | $266,250 | $266,250 |
1.Prepare Rockin Robbin's multi-step income statement for the year ended June 30, 2018
2. Journalize Rockin Robbin's closing entries.
3. Prepare a post-closing trial balance as of June 30, 2018
Prepare Rockin Robbin's multi-step income statement for the year ended June 30, 2018.
(Use a minus sign or parentheses to show other expenses.)
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