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> Problems Group A bjectives 1, 3, 4 P4-29A Preparing financial statements including a classified balance shes in report form, preparing and posting closing entries, and preparin post-closing trial balance Net Loss S9 500 The adjusted trial balance of Erickson Real Estate Appraisal at June 30201, follamn ERICKSON REAL ESTATE APPRAISAL Adjusted Trial Balance June 30, 2018 Credit Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Debit 4,600 5,300 1,500 13,000 82,000 Building s 25,200 18,700 8,500 2,400 7,600 40,000 42,500 Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Erickson, Capital Erickson, Withdrawals Service Revenue Insurance Expense Salaries Expense Supplies Expense 27,300 48,100 33,500 300 8,500 2,700 8,200 Interest Expense Utilities Expense Depreciation Expense-Building Total 193,000 193,000 Requirements 1. Prepare the company's income statement for the year ended June 30, 2018. 2. Prepare the company's statement of owner's equity for the year ended June 30, 2018. Assume that there were no contributions made by the owner during the year 3. Prepare the company's classified balance sheet in report form at June 30, 2018. 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, 2018

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