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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 3 1 , 2
Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of
December appears below. December is the company's fiscal yearend.
In addition, the company had the following yearend adjusting entries.
Required:
& Enter the unadjusted balances from the trial balance and post the adjusting entries to the Taccounts, and post the
closing entries to the Taccounts.
Prepare an adjusted trial balance.
Prepare an income statement, statement of stockholders' equity, and classified balance sheet for the year ended December
Record closing entries.
Prepare a postclosing trial balance.
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