Question: Preparing a multi-step income statement, journalizing closing entries, and preparing a post-closing trial balance. The adjusted trial balance of Rachel Rey Music Company at June

Preparing a multi-step income statement, journalizing closing entries, and preparing a post-closing trial balance.

The adjusted trial balance of Rachel Rey Music Company at June 30, 2018 follows:

Requirements

  1. Complete Rachel Rey's multi-step income statement for the year ended June 30, 2018.
  2. Journalize Rachel Rey's closing entries.

3. Complete a post-closing trial balance as of June 30, 2018.

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