Accounting Cycle 2 1 Saved 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 Accounts Cash Debits $ 46,300 Credits Accounts Receivable 13,100 Interest Receivable Supplies 0 5,600 Prepaid Rent 10,800 Book Land 114,000 Notes Receivable 56,000 Accounts Payable 5.13,100 Salaries Payable 0 Print Deferred Revenue Utilities Payable Common Stock 7,100) 0 Retained Earnings References Service Revenue Interest Revenue 161,000 25, 100 78,200 Salaries Expense Rent Expense Supplies Expense 33,500 0 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 salaries Expense 3,900 Salaries Payable, 3,900 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 e ment 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, end 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.