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1 . , 2 . & 6 . Enter the unadjusted balances from the trial balance and post the adjusting entries to the T -
& Enter the unadjusted balances from the trial balance and post the adjusting entries to the accounts, and post the closing entries to the Taccounts.
Prepare an adjusted trial balance.
Prepare an income statement, statement of stockholders' equity, and classified balance sheet for the year ended December
Record closing entries.
Prepare a postclosing trial balance.
Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December appears below. December is the company's fiscal yearend.
tableAccountsDebits,CreditsCash$Accounts Receivable,Interest Receivable,SuppliesPrepaid Rent,LandNotes Receivable,Accounts Payable,,Salaries Payable,,Deferred Revenue,,Utilities Payable,Common Stock,,Retained Earnings,Service Revenue,Interest Revenue,Salaries Expense,Rent Expense,Supplies Expense,$
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