The adjusted trial balance of Big Rita's MusicBig Rita's Music Company at June 30, 2015, follows

Requirements:

1.

Prepare Big Rita's multi-step income statement for the year ended June 30, 2015.

2.

Journalize Big Rita's closing entries.

3.

Prepare a post-closing trial balance as of June 30 2015

Big Rita's Music Company
Adjusted Trial Balance
June 30, 2015
		Balance
	Account Title	Debit	Credit
	Cash	$4,500
	Accounts Receivable	38,300
	Merchandise Inventory	17,200
	Office Supplies	300
	Furniture	39,900
	Accumulated DepreciationFurniture		$8,900
	Accounts Payable		13,300
	Salaries Payable		600
	Unearned Revenue		7,400
	Notes Payable, long-term		12,000
	Rita, Capital		28,500
	Rita, Withdrawals	40,000
	Sales Revenue		185,000
	Sales Returns and Allowances	2,000
	Sales Discounts	4,000
	Cost of Goods Sold	74,000
	Selling Expense	18,600
	Administrative Expense	15,000
	Interest Expense	1,900
	Total	$255,700	$255,700