The adjusted trial balance of Emerson Real Estate Appraisal at June 30, 2018, follows: E (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the company's income statement for the year ended June 30, 2018. (If a box is not used in the statement, leave the box empty, do not select a label or enter a zero. Use a minus sign or parentheses to show a net loss.) Emerson Real Estate Appraisal Requirements X Income Statement Year Ended June 30, 2018 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. Print Done Choose from any list or enter any number in the input fields and then continue to the next question. 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 X 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. Net Income (Loss) Requirement 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 zero-balance events for the period from the statement of owner's equity.) Emerson Real Estate Appraisal Print Done Choose from any list or enter any number in the input fields and then continue to the next question. ? 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 Net Income (Loss) Requirement 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. (Use a minus sign or parentheses to show a net loss. Exclude any zero-balance events for the period from the statement of owner's equity.) Emerson Real Estate Appraisal Statement of Owner's Equity Year Ended June 30, 2018 Emerson, Capital, July 1, 2017 Emerson, Capital, June 30, 2018 Requirement 3. Prepare the company's classified balance sheet in report form at June 30, 2018. (If a box is not used in the balance sheet, leave the box empty, do not select a label or enter a zero.) Emerson Real Estate Appraisal Balance Sheet I---AAAAAA Choose from any list or enter any number in the input fields and then continue to the next question. ? 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 Requirement 3. Prepare the company's classified balance sheet in report form at June 30, 2018. (If a box is not used in the balance sheet, leave the box empty, do not select a label or enter a zero.) Emerson Real Estate Appraisal Balance Sheet June 30, 2018 Assets > Choose from any list or enter any number in the input fields and then continue to the next question. 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 Liabilities Owner's Equity Choose from any list or enter any number in the input fields and then continue to the next question. ? The adjusted trial balance of Emerson Real Estate Appraisal at June 30, 2018, follows: E: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 4. Journalize the closing entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenues. Date Accounts and Explanation Debit Credit Jun 30 Clos. (1) Close expenses for the period. Date Accounts and Explanation Debit Credit > lon Choose from any list or enter any number in the input fields and then continue to the next question. ? 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 Close expenses for the period. Date Accounts and Explanation Debit Credit Jun. 30 Clos. (2) Close Income Summary. Date Accounts and Explanation Debit Credit > Choose from any list or enter any number in the input fields and then continue to the next question. ? The adjusted trial balance of Emerson Real Estate Appraisal at June 30, 2018, follows: E: (Click the icon to view the adjusted trial balance.) Read the requirements Close Income Summary. Date Accounts and Explanation Debit Credit Jun. 30 Clos. (3) Close withdrawals. Date Accounts and Explanation Debit Credit Jun. 30 Clos. (4) Choose from any list or enter any number in the input fields and then continue to the next question. 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 Jun. 30 Clos. (3) Close withdrawals. Date Accounts and Explanation Debit Credit Jun. 30 Clos. (4) Requirement 5. T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the T-accounts. > Choose from any list or enter any number in the input fields and then continue to the next question. 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 Cash Service Revenue Accounts Payable 20,200 Bal. Bal 4,700 47,500 Bal. Accounts Receivable Interest Payable Insurance Expense Bal. 5,100 8,100 Bal Bal. 4,500 Office Supplies Salaries Payable Salaries Expense Bal. 2,400 2,100 Bal. Bal. 33,000 Prepaid Insurance Unearned Revenue Supplies Expense Bal! 2,700 4,000 Bal. Ball 200 Choose from any list or enter any number in the input fields and then continue to the next question. ? 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 Prepaid Insurance Unearned Revenue Supplies Expense Bal. 2,700 4,000 Bal. Bal. 200 Land Notes Payable Interest Expense Bal. 13,900 44,000 Bal. Bal. 8,100 Building Emerson, Capital Utilities Expense Bal. 83,000 43,500 Bal. Bal. 1,800 > Choose from any list or enter any number in the input fields and then continue to the next question. 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 Accumulated Depr.-Building Emerson, Withdrawals Depreciation Expense-Building Bal. 8,300 25,500 Bal. Bal. 27,200 Income Summary Requirement 6. Prepare the company's post-closing trial balance at June 30, 2018. Review the ending balances of the T-accounts that you prepared in Requirement 5. Emerson Real Estate Appraisal Post-Closing Trial Balance Choose from any list or enter any number in the input fields and then continue to the next question. ? 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 Review the ending balances of the T-accounts that you prepared in Requirement 5. Emerson Real Estate Appraisal Post-Closing Trial Balance June 30, 2018 Balance Account Title Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. 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 Total Choose from any list or enter any number in the input fields and then continue to the next question. Data Table - 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 Emerson Real Estate Appraisal Adjusted Trial Balance June 30, 2018 Balance Account Title Debit Credit Cash $ 4,700 Accounts Receivable 5,100 2,400 Office Supplies Prepaid Insurance 2,700 Land 13,900 83,000 Building Accumulated DepreciationBuilding Accounts Payable $ 25,500 20,200 Interest Payable 8,100 Total Choose from any list or enter any number in the input fields and then continue to the next question. Print Done Data Table - x The adjusted trial balance of Emerson Real Estate Appraisal at June 30, 2018, follows: E: (Click the icon to view the adjusted trial balance.)