answer the only parts that i have uploaded a pic of

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

part 1-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.

part 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.

Il all allur DATE ACCOUNT POST. REF. DEBIT CREDIT 2015 Closing Entries July 31 Fees Earned vi 21,200 Wages Expense mi 2,940 office Rent Expense v 2,550 Equlpment Rent Expenser 1,375 Utilities Expense 1,215 Music Expense v 3,610 Advertising Expense v 1,500 Supplies Expense 925 Insurance Expense 225 Depreciation Expenses 50 Miscellaneous Expense 1,855 Retained Earnings 4,955 Supplies Expense 925 Insurance Expense 225 Depreciation Expense 50 Miscellaneous Expense 1,855 Retained Earnings 4,955 DATE POST. REF. ACCOUNT Retained Earnings DEBIT ||||||| CREDIT 1,750 July 31 1,750 Dividends Feedback W Checy Work In preparing closing entries, recall that (1) revenue accounts are debited for their balances and e difference between the revenue and expenses is either credited (revenues exceed expenses) or earnings account, and (2) the retained earnings account is debited for the balance of the dividen b. Prepare a statement of stockholders' equity for the two months ended July 31, 2015. (Note: Peyton Smith made investr 2015.) If an amount is zero, enter in a "0". If a net loss is incurred or there is a decrease in owner's equity, enter that amo sign. PS MUSIC Statement of Stockholders' Equity For the Two Months Ended July 31, 2015 Common Stock Retained Earnings Total Balances, June 1, 2015 4,390 Issued common stock 0 3,205 Net Income OOO 4,955 Dividends 1,750 Balances, July 31, 2015 0X7,595 c. Prepare a classified balance sheet as of July 31, 2045. PS MUSIC Balance Sheet O more Check My Work uses remaining