Accounting Cycle 21 1 150 points 801206 eBook Print References 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. Accounts Cash Accounts Receivable Interest Receivable Supplies Prepaid Rent Land Notes Receivable Accounts Payable Salaries Payable. Deferred Revenue Utilities Payable Common Stock Retained Earnings 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 D 161,800 33,500 0 0 6,000 25,100 78,200 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 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 e. Rent Expense 7,200 Prepaid Rent 7,200 f. 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. 50 points 2024. 5. Record closing entries. 7. Prepare a post-closing trial balance. Complete this question by entering your answers In the tabs below. eBook Print References Req 1 and 2 and 6 Req 3 Req 4A Req 48 Req 4C Req 5 Req 7 Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first a field.) View transaction list Journal entry worksheet 1 2 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general joumal