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The adjusted trial balance of Emerson Real Estate Appraisal at June 30, 2018, follows (Click the icon to view the adjusted trial balance) Read the
The adjusted trial balance of Emerson Real Estate Appraisal at June 30, 2018, follows (Click the icon to view the adjusted trial balance) Read the requirements. > Requirements 1. Prepare the company's income statement for the year ended June 30, 2018 2. Prepare the company's statement of owner's equity for the year ended June 30, 2018. Assume that there were no contributions made by the owner during the year 3. Prepare the company's classified balance sheet in report form at June 30, 2018 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, 2018. Emerson Real Estate Appraisal Adjusted Trial Balance June 30, 2018 Balance Account Title Debit Credit Cash $ 4,800 4,500 Accounts Receivable 1,700 Office Supplies Prepaid Insurance 2,100 Land 13,600 79,000 Building Accumulated Depreciation-Building Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Emerson, Capital Emerson, Withdrawals Service Revenue Insurance Expense Salarios Expense Supplies Expense Interest Expense 26,100 18,600 8,900 1,500 8,900 37.000 39,500 26,600 49,500 4,700 33,900 200 Utilities Exponse 8.900 2.100 7.900 Depreciation Expense-Building 190,000 $ 190,000 Total
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