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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	$	9,400
Accounts Receivable		8,600
Supplies		1,550
Prepaid Rent		6,120
Equipment		76,500
Accumulated Depreciation				$	10,200
Accounts Payable					6,800
Salaries Payable					0
Interest Payable					0
Utilities Payable					0
Notes Payable					15,500
Common Stock					36,000
Retained Earnings					14,500
Service Revenue					44,720
Salaries Expense		23,600
Interest Expense		0
Rent Expense		0
Supplies Expense		0
Utilities Expense		1,950
Depreciation Expense		0
Totals	$	127,720		$	127,720

Information necessary to prepare the year-end adjusting entries appears below.

a. Depreciation of equipment for the year is $5,100.

b. Accrued salaries at year-end should be $1,650.

c. Crimson Tide borrows $15,500 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 12%.

d. Unused supplies at year-end total $610. 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 $6,120 ($510 per month) debiting Prepaid Rent.

f. Unpaid utilities for December total $200.