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questions 4-6 please!

Completing the Accounting Cycle Financial 4-45 Learning Objectives 1, 3, 4 > Problems Group A P-F:4-29A Preparing financial statements including a classified balance sheet in report form, preparing and posting closing entries, and preparing a post-closing trial balance The adjusted trial balance of Erickson Real Estate Appraisal at June 30, 2024, follows: 1. Net Loss $19,500) 1,700 ERICKSON REAL ESTATE APPRAISAL Adjusted Trial Balance June 30, 2024 Balance Account Title Debit Credit Cash $ 4,600 Accounts Receivable 5,300 Office Supplies 1,500 Prepaid Insurance Land 13.000 Building 82,000 Accumulated Depreciation-Building $ 25,200 Accounts Payable 18,700 Interest Payable 8,500 Salaries Payable 2.400 Unearned Revenue 7,600 Notes Payable (long-term) 40,000 Common Stock 3,000 Retained Earnings 39,500 Dividends 27,300 Service Revenue 48,100 Insurance Expense 4,400 Salaries Expense 33.500 Supplies Expense 300 Interest Expense 8,500 Utilities Expense 2,700 Depreciation Expense-Building 8,200 Total 5 193,000 193,000 CHAPTER 4 Requirements 1. Prepare the company's income statement for the year ended June 30, 2024. 2. Prepare the company's statement of retained earnings for the year ended June 30, 2024 3. Prepare the company's classified balance sheet in report form at June 30, 2024. 4. Journalize the closing entries 5. Open the T-accounts using the balances from the adjusted trial balance and post the closing entries to the T-accounts. 6. Prepare the company's post-closing trial balance at June 30, 2024.

Answer 1

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So Solution Date • Requrement 4 Debit Credit Date June 30 Account and explanation Service Revenue Income Summary (To Close revenue) 48,100 48,100 57600 30 Income Summary Insurance expense Salaries Expense Supplies Expense Interest Expense Utilities Expense Depreciation Expense-building (To clase Expense) Retuined Earning Income Summary Go close Income Summary) 4,400 3.3,500 300 8.500 2. Too 8,200 30 9500 9,500 30 Retained Earning 27,300 27,300 Dividends (To close dividends) Scanned by TapScanner

Date Requirement 6 Erickson Recel Estate Post Closing Trial Balance June 30, 2024 Account Title Cr. Balance Deu 4,600 5,300 1,500 1 700 82.000 25, 200 213,000 Cash Accounts Receivable office Supplies Prepaid Inswance building Aucumulated Depreciation - Building Land Account Payable Interest Payable Salaries Payable Un earned Revenue Notes Payable Common Stock Retained Earnings Total. 18.700 8,500 2,400 7600 49000 3,000 2700 108loo 108, loa Scanned by TapScanner