Use spreadsheet to do the assignment Preparing a multi-step income statement, and journalizing closing entries.

AutoSave OFF w Assignment 6 (1) Home Insert Draw Design Layout References Mailings Review View Share Comments Times New... v 12 AA Aav Ap EVEEvaEv AaBbCcDdE AaBbCcDc AaBbCcDdEc AaBb( AaBbCcDdEE Paste B I Uv abx ADVAv Normal Heading 1 Heading 2 Title Subtitle Styles Sensitivity Pane Do P5-36 Use spreadsheet to do the assignment Preparing a multi-step income statement, and journalizing closing entries. Just do Requirements 1 & 2. 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 Account Title Debit Credit Cash $ 4,000 Accounts Receivable 38,400 Merchandise Inventory 18,10 Office Supplies 300 Furniture 39.900 Accumulated Depreciation-Furniture 8,200 Accounts Payable 13,80 Salaries Payable 850 Unearned Revenue 7,500 Notes Payable, long-term 17,000 Common Stock 6,000 Retained Earnings 21,350 Dividends 40,000 Sales Revenue 184,000 Cost of Goods Sold 85,500 Selling Expense 18,600 Administrative Expense 12,000 Interest Expense 1,900 Total $ 258,700 $ 258,700 Requirements 1. Prepare Rachael Rey's multi-step income statement for the year ended June 30, 2018. 2. Journalize Rachael Rey's closing entries. Page 1 of 1 58 words X English (United States) Focus + 105%