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 Debits $ 14,300 Credits Accounts Receivable 9,900 Interest Receivable 0 Supplies 2,400 Prepaid Rent 7,600 Land 82,000 Notes Receivable 24,000 Accounts Payable $ 8,300 Salaries Payable Deferred Revenue Utilities Payable Common Stock Retained Earnings Service Revenue Interest Revenue Salaries Expense Rent Expense Supplies Expense 5,500 0. 88,200, 20,300 46,200 0 Utilities Expense 25.500 0 2,800 Totals 168,500 $168,500 In addition, the company had the following year-end adjusting entries. Transaction Accounts Title Debits Credits Salaries Expense 2,300 Salaries Payable 2,300 b. Interest Receivable 1,000 Interest Revenue 1,000 a. Supplies Expense 1,500. Supplies 1,500 Deferred Revenue 3,500 Service Revenue 3.500 Rent Expense 5,600 Prepaid Rent 5,600 f. Utilities Expense 400 Utilities Payable 400 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 View general journal Record entry Clear entry > Journal entry worksheet < 1 2 Record the entry to close the expense accounts. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal S Compare privany MIMI DUIMTE CRIMSON TIDE MUSIC ACADEMY Post-Closing Trial Balance December 31, 2024 Accounts Debit Credit Totals $ 0 $ 0 < Req 5