The adjusted trial balance of Pamela Potter Theater Company at April 30, 2024, follows:

Requirements
1. Prepare Pamela Potter’s multi-step income statement for the year ended April 30, 2024.
2. Journalize Pamela Potter’s closing entries.
3. Prepare a post-closing trial balance as of April 30, 2024.

Transcribed Image Text:

PAMELA POTTER THEATER COMPANY Adjusted Trial Balance April 30, 2024 Account Title Cash Accounts Receivable Merchandise Inventory Estimated Returns Inventory Office Supplies Furniture Accumulated Depreciation-Furniture Accounts Payable Refunds Payable Salaries Payable Unearned Revenue Notes Payable, long-term Potter, Capital Potter, Withdrawals Sales Revenue Sales Discounts Forfeited Cost of Goods Sold Selling Expense Administrative Expense Interest Expense Total Balance Debit $ 3,800 39,500 17,000 200 800 40,000 39,000 73,200 19,200 14,500 1,400 $ 248,600 Credit $ 8,400 12,800 400 1,100 7,100 12,000 23,800 182,880 120 $ 248,600