Chapter 5, Problem 5.33AP

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

The adjusted trial balance of Big Rita’s Music Company at June 30, 2016, follows:

Requirements

1. Prepare Big Rita’s multi-step income statement for the year ended June 30, 2016.

2. Journalize Big Rita’s closing entries.

3. Prepare a post-dosing trial balance as of June 30, 2016.