The adjusted trial balance of GoldStar Music Company at June 30, 2025, follows: 

Requirements 

1. Prepare GoldStar Music Company’s multi-step income statement for the year ended June 30, 2025. 

2. Journalize GoldStar Music Company’s closing entries. 

3. Prepare a post-closing trial balance as of June 30, 2025.

Transcribed Image Text:

Account Title Cash GOLDSTAR MUSIC COMPANY Adjusted Trial Balance June 30, 2025 Accounts Receivable Merchandise Inventory Supplies Furniture Accumulated Depreciation Furniture Accounts Payable Salaries Payable Unearned Revenue Notes Payable, long-term Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold Selling Expenses Administrative Expenses Interest Expense Total Balance Debit $ 3,700 38,500 17,100 850 39,800 42,500 4,500 3,500 84,150 18,800 17,000 1,000 $ 271,400 Credit $ 8,800 13,100 800 7,400 15,000 16,000 23,300 187,000 $ 271,400