The unadjusted trial balance of PS Music as of July 31, 2018, along with the adjustment data for the two months ended July 31, 2018, are shown in Chapter 3. Based upon the adjustment data, the following adjusted trial balance was prepared: PS Music Adjusted Trial Balance July 31, 2018 Credit Balances Debit Balances Account No. 9,945 4,150 11 Cash 12 Accounts Receivable. 275 14 Supplies.. Prepaid Insurance Office Equipment Accumulated Depreciation-Office Equipment Accounts Payable 2,475 7,500 15 17 50 18 8.350 21 140 22 Wages Payable Unearned Revenue 3,600 23 9,000 31 Common Stock 1.750 33 Dividends Fees Earned. 21,200 41 3.610 54 Music Expense Wages Expense Office Rent Expense Advertising Expense. Equipment Rent Expense Utilities Expense 50 2,940 2.550 51 55 1,500 52 1,375 1,215 53 56 925 Supplies Expense.. Insurance Expense Depreciation Expense Miscellaneous Expense 225 50 1,855 57 58 59 42,340 42,340 Instructions 1. (Optional) Using the data from Chapter 3, prepare an end-of-period spreadsheet. 2. Prepare an income statement, a retained earnings statement, and a balance sheet. Answer Check Figure: Net income: $4,955 3. Journalize and post the closing entries. The retained earnings account is #33 and the income summary account is # 34 in the ledger of PS Music. Indicate closed accounts by inserting a line in both Balance columns opposite the closing entry 4. Prepare a post-closing trial balance