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I need question E4-6 answered quick please post closing repare...

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Accounting

I need question E4-6 answered quick please
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post closing repare post- alance E4-2 At the end of its fiscal year, the adjusted trial balance of Rafael Company is as follows: RAFAEL COMPANY Adjusted Trial Balance July 31, 2008 Credit Debit $ 5,840 15,540 1,620 470 17,600 Cash Accounts receivable Prepaid expenses Supplies Equipment Accumulated amortization--equipment Accounts payable Interest payable Unearned service revenue Notes payable (due on July 1, 2010) D. Rafael, capital D. Rafael, drawings Service revenue Amortization expense Salaries expense Interest expense Rent expense Supplies expense $ 5.400 4,245 525 2,750 15,000 31,200 14,000 73,800 2.700 56,050 1,350 15,900 1,850 $132.920 $132.920 Instructions (a) Prepare the closing entries, and post them to the correct accounts. (b) Prepare a post-closing trial balance at July 31, 2008. Prepa (SO 4 E4-6 The adjusted trial balance for Rafael Company is presented in E4-2. Instructions (a) Prepare an income statement and statement of owner's equity for the year. Mr. Rafael invested $5,000 cash in the business during the year (b) Prepare a classified balance sheet at July 31, 2008

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