Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted...

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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, 2021, appears below. December 31 is the company's fiscal year-end. Accounts Cash Debits Credits: $ 32,300 Accounts Receivable. 11,700 Interest Receivable: 0 Supplies 4,200 Prepaid Rent 9,400 Land 100,000 Notes Receivable 42,000 Accounts Payable $ 11,000. 0 6,400 Salaries Payable Deferred Revenue Utilities Payable Common Stock Retained Earnings Service Revenue. Interest Revenue Salaries Expense Rent Expense Supplies Expense Utilities Expense Totals 30,000 0 0 4,600 $234,200 0 129,600 23,000 64,200 0 $234,200 In addition, the company had the following year-end adjusting entries. Debits Credits a. Salaries Expense 3,200 Salaries Payable 3,200 b. Interest Receivable 1,900 Interest Revenue 1,900 e. Supplies Expense 2,400 Supplies 2,400 d. Deferred Revenue 4,400 Service Revenue 4,400 e. Rent Expense 6,500 Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December 31, 2021, appears below. December 31 is the company's fiscal year-end. Accounts Cash Debits Credits: $ 32,300 Accounts Receivable. 11,700 Interest Receivable: 0 Supplies 4,200 Prepaid Rent 9,400 Land 100,000 Notes Receivable 42,000 Accounts Payable $ 11,000. 0 6,400 Salaries Payable Deferred Revenue Utilities Payable Common Stock Retained Earnings Service Revenue. Interest Revenue Salaries Expense Rent Expense Supplies Expense Utilities Expense Totals 30,000 0 0 4,600 $234,200 0 129,600 23,000 64,200 0 $234,200 In addition, the company had the following year-end adjusting entries. Debits Credits a. Salaries Expense 3,200 Salaries Payable 3,200 b. Interest Receivable 1,900 Interest Revenue 1,900 e. Supplies Expense 2,400 Supplies 2,400 d. Deferred Revenue 4,400 Service Revenue 4,400 e. Rent Expense 6,500