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, 2018, follows: Requirements Prepare the company’s income statement for the year ended June 30, 2018. Prepare the company’s statement of retained earnings for the year ended June 30 2018. Prepare the company’s classified balance sheet in report form at June 30, 2018. Journalize the closing entries. Open the T-accounts using the balances from the adjusted trial balance, and post the closing entries to the T-accounts. Prepare the company’s post-closing trial balance at June 30, 2018.

Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify): Debit Credit $ 3 Account Titles Cash Accounts Receivable Supplies Land 12 Equipment Accumulated Depreciation 52 $ 6 Sof tware 22 Accumulated Amortization 8. Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Connon Stock 67 Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Armortization Expense Income Tax Expense Interest Expense Supplies Expense Totals $94 $94 Transactions and events during 2018 (summarized In thousands of dollars) follow: a. Borrowed $12 cash on March 1 using a short-term note. b. Purchased land on March 2 for future bullding site: pald cash, $9. c. Issued additional shares of common stock on April 3 for $32. d.…

Financial Statements Turtle Company has prepared the followingadjusted Trial balance for the year ended December 31, 2019:   Required:For 2019, prepare in proper form: (1) an income statement, (2) a retainedearnings statement, (3) an ending balance sheet, and (4) closing entries.