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Sya's Music Company uses a perpetual inventory system. The adjusted trial balance of Sya's Music Company at June 30, 2024, follows: (Click the icon to

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Sya's Music Company uses a perpetual inventory system. The adjusted trial balance of Sya's Music Company at June 30, 2024, follows: (Click the icon to view the adjusted trial balance.) Read the reguirements. Requirement 1. Prepare Sya's multi-step income statement for the year ended June 30, 2024. (Use a minus sign or parentheses to show other expenses.) Requirement 2. Joumalize Sya's closing entries. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) Start by closing revenues and other credit accounts for the period. Do not close the expenses; this will be done in the next step. Close expenses for the period. Close Income Summary. Close withdrawals. Requirement 3. Prepare a post-closing trial balance as of June 30, 2024. Data table \begin{tabular}{|lrr|} \hline Furniture & 40,000 & \\ \hline Accumulated Depreciation-Furniture & $,600 \\ \hline Accounts Payable & 13,300 \\ \hline Refunds Payable & 950 \\ \hline Salaries Payable & 1,200 \\ \hline Unearned Revenue & 7,400 \\ \hline Notes Payable, long-term & 13,000 \\ \hline Sya, Capital & 32,950 \\ \hline Sya, Withdrawals & \\ \hline Sales Revenue & 39,000 & 183,000 \\ \hline \end{tabular} \begin{tabular}{|lrr|} \hline Notes Payable, long-term & & 13,000 \\ \hline Sya, Capital & & 32,950 \\ \hline Sya, Withdrawals & 39,000 & \\ \hline Sales Revenue & & 183,000 \\ \hline Sales Discounts Forfeited & & 300 \\ \hline Cost of Goods Sold & 82,350 & \\ \hline Selling Expense & 18,600 & \\ \hline Administrative Expense & 18,000 & \\ \hline Interest Expense & 1,600 & \\ \hline Total & 260,700 & 260,700 \\ \hline \hline \end{tabular}

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