The adjusted trial balance of Daddys Music Company at April 30, 2015, follows: Requirements 1. Prepare Daddys

The adjusted trial balance of Daddy’s Music Company at April 30, 2015, follows:

Requirements
1. Prepare Daddy’s multi-step income statement for the year ended April 30, 2015.
2. Journalize Daddy’s closing entries.
3. Prepare a post-closing trial balance as of April 30,2015.

Transcribed Image Text:

DADDY'S MUSIC COMPANY Adjusted Trial Balance April 30, 2015 Balance Account Title Cash Accounts Receivable Merchandise Inventory Office Supplies Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Uneamed Revenue Notes Payable, long-term Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold Selling Expense Administrative Expense Interest Expense Total Debit Credit $ 4,300 38,200 17,800 600 39,400 $ 9,000 13,600 1,200 6,600 14,000 20,000 20,100 40,000 180,000 6,500 1,500 81,800 19,200 14,000 1,200 S 264,500 S 264,500