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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, 2024, appears below.

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 Debits Credits Cash $ 34,300 Accounts Receivable 11,900 Interest Receivable 0 Supplies 4,400 Prepaid Rent 9,600 Land 102,000 Notes Receivable 44,000 Accounts Payable $ 11,300 Salaries Payable 0 Deferred Revenue 6,500 Utilities Payable 0 Common Stock 134,200 Retained Earnings 23,300 Service Revenue 66,200 Interest Revenue 0 Salaries Expense 30,500 Rent Expense 0 Supplies Expense 0 Utilities Expense 4,800 Totals $ 241,500 $ 241,500 In addition, the company had the following year-end adjusting entries. Transaction Accounts Title Debits Credits a. Salaries Expense 3,300 Salaries Payable 3,300 b. Interest Receivable 2,000 Interest Revenue 2,000 c. Supplies Expense 2,500 Supplies 2,500 d. Deferred Revenue 4,500 Service Revenue 4,500 e. Rent Expense 6,600 Prepaid Rent 6,600 f. Utilities Expense 1,400 Utilities Payable 1,400 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

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