answer all parts of question please.

Continuing Problem

Chapter 4 - Instruction #1

The adjusted trial balance of PS Music as of July 31, 20Y5 is shown below:

PS Music

Adjusted Trial Balance

July 31, 20Y5

Account No. Debit Balances Credit Balances

Cash 11 9,945

Accounts Receivable 12 4,150

Supplies 14 275

Prepaid Insurance 15 2,475

Office Equipment 17 7,500

Accumulated Depreciation-Office Equipment 18 50

Accounts Payable 21 8,350

Wages Payable 22 140

Unearned Revenue 23 3,600

Common Stock 31 9,000

Dividends 33 1,750

Fees Earned 41 21,200

Music Expense 54 3,610

Wages Expense 50 2,940

Office Rent Expense 51 2,550

Advertising Expense 55 1,500

Equipment Rent Expense 52 1,375

Utilities Expense 53 1,215

Supplies Expense 56 925

Insurance Expense 57 225

Depreciation Expense 58 50

Miscellaneous Expense 59 1,855

42,340 42,340

a. Prepare an income statement for the two months ended July 31, 20Y5.

b. Prepare a statement of stockholders equity for the two months ended July 31, 20Y5. (Note: Peyton Smith made investments in PS Music on June 1 and July 1, 20Y5.) If an amount is zero, enter in a "0". If a net loss is incurred or there is a decrease in owners equity, enter that amount as a negative number using a minus sign.

c. Prepare a classified balance sheet as of July 31, 20Y5.

Continuing Problem Chapter 4-Instruction #4 Prepare a post-closing trial balance as of July 31, 20Y5. Refer to the spreadsheet that you used to post the closing entries in Chapter 4, Part 3. If an amount box does not require an entry, leave it blank. PS Music Post-Closing Trial Balance July 31, 20YS Debit Credit Balances Balances Cash v 9,945 Accounts Receivable v 4,150 Continulng Problem Chapter 4-Instruction #2 Journalize the closing entries. Include Posting References, using the account numbers in your spreadsheet. The retained earnings account is 32 in the ledger of PS Music. Refer to your answers from Chapter 4, Part 1 to complete this part. If an amount box does not require an entry, leave it blank. DATE ACCOUNT POST. REF DEBIT CREDIT 20YS Closing Entries July 24 Fees Earned 21,200 Wages Expense 2,940 ofice Rent Expense 2,550 Equipment Rent Expense 1,375 Utilities Expense 1,215 Music Expense 3,610 Advertising Expense 1,500 925 Supplies Expense 225 Insurance Expense 50 Depreclation Expense