The adjusted trial balance of Rachael Rey Music Company at June 30, 2018, follows: RACHAEL REY MUSIC COMPANY Adjusted Trial Balance June 30, 2018 Balance Credit Account Title Cash Debit $ 4,000 38,400 Accounts Receivable 18,100 300 39,900 $ 8,200 13,800 850 7,500 Merchandise Inventory Office Supplies Furniture Accumulated Depreciation Furniture Accounts Payable Salaries Payable Unearned Revenue Notes Payable, long-term Common Stock Retained Earnings Dividends Sales Revenue Cost of Goods Sold Selling Expense Administrative Expense Interest Expense Total 17,000 6,000 21,350 40,000 184,000 85,500 18,600 12,000 1,900 $ 258,700 $ 258,700 Requirements 1. Prepare Rachael Rey's multi-step income statement for the year ended June 30, 2018. 2. Journalize Rachael Reys closing entries