2. & 6. Enter the unadjusted balances from the trial balance and post the adjusting entries to the T-accounts, and post the closing entries to the T-accounts.

3. Prepare an adjusted trial balanc

4-a. Prepare an income statement for the year ended December 31, 2018e.

4-b. Prepare a statement of shareholders' equity for the year ended December 31, 2018. Assume that no common stock is issued during the year.

4-c. Prepare a classified balance sheet for the year ended December 31, 2018.

5. Record closin

7. Prepare a post-closing trial balance.g entries.

[The following information applies to the questions displayed below.) Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December 31, 2018, appears below. December 31 is the company's fiscal year-end. Accounts Debits Credits Cash $ 8,800 Accounts Receivable 8,000 Supplies 1.250 Prepaid Rent 5.400 Equipment 67,500 Accumulated Depreciation $ 9,000 Accounts Payable 6,200 Salaries Payable 0 Interest Payable 0 Utilities Payable 0 Notes Payable 12,500 Common Stock 30,000 Retained Earnings 13,500 Service Revenue 44,400 Salaries Expense 23,000 Interest Expense 0 Rent Expense 0 Supplies Expense 0 Utilities Expense 1,650 Depreciation Expense 0 Totals $115,600 $115,600 Information necessary to prepare the year-end adjusting entries appears below. a. Depreciation of equipment for the year is $4,500. b. Accrued salaries at year-end should be $1,350. c. Crimson Tide borrows $12,500 on September 1, 2018. The principal is due to be repaid in four years. Interest is payable each August 31 at an annual rate of 9%. d. Unused supplies at year-end total $550. Crimson Tide debits Supplies at the time supplies are purchased. e. Crimson Tide opens a second studio by paying for one year of rent in advance on April 1, 2018, for $5,400 ($450 per month) debiting Prepaid Rent. f. Unpaid utilities for December total $100