Accounting Cycle 2 1 Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December 31, 2024, appears below. December 31 is the company's fiscal year-end. 150 points 801206 Accounts Cash Accounts Receivable Interest Receivable. eBook Supplies Prepaid Rent Land Notes Receivable. Accounts Payable Salaries Payable. Deferred Revenue Utilities Payable Common Stock Print Retained Earnings Reference Service Revenue Interest Revenue Salaries Expense Rent Expense Supplies Expense Debits $ 46,300 Credits 13,100 0 5,600 10, 800 114,000 56,000 $ 13,100 0 7,100 0 161,800 25,100 78,200 0 33,500 0 6,000 utilities Expense Totals $ 285,300 $ 285, 300 In addition, the company had the following year-end adjusting entries. Transaction. Accounts Title Debits Credits a. Salaries Expense 3,900 Salaries Payable 3,900 b. Interest Receivable 2,600 Interest Revenue 2,600 c. Supplies Expense 3,100 Supplies 3,100 d. Deferred Revenue 5,100 Service Revenue. 5,100 Rent Expense 7,200 Prepaid Rent 7,200 utilities Expense 2,000 utilities Payable 2,000 Required: 1., 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 balance. 4. Prepare an income statement, statement of stockholders' equity, and classified balance sheet for the year ended December 31, 2024 5. Record closing entries 7. Prepare a post-closing trial balance. Accounting Cycle 20 1 150 points 7. Prepare a post-closing trial belance. Complete this question by entering your answers In the tabs below. Req 1 and 2 and 6 Req 3 Reg AA- Reg 48 Req 4C Req S Req 7 01:51:21 Prepare a post-dosing trial balance. CRIMSON TIDE MUSIC ACADEMY Book Accounts P Reference Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Post-Closing Trial Balance December 31, 2024 Debli Credi Totals 0