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 Accounts Receivable Interest Receivable Supplies Prepaid Rent Land Notes Receivable Accounts Payable Salaries Payable Deferred Revenue Utilities Payable Common Stock Retained Earnings Service Revenue Interest Revenue Salaries Expense Rent Expense Supplies Expense Utilities Expense Totals Transaction a. b. C. d. e. f. In addition, the company had the following year-end adjusting entries. Accounts Title Salaries Expense Salaries Payable Interest Receivable Interest Revenue Supplies Expense Supplies Deferred Revenue Service Revenue Rent Expense Prepaid Rent Utilities Expense Utilities Payable Debits $ 30,300 11,500 0 4,000 9,200 98,000 40,000 29,500 0 5. Record closing entries. 7. Prepare a post-closing trial balance. Debits 3,100 4,400 $ 226,900 $ 226,900 1,800 2,300 Credits 4,300 6,400 $ 10,700 0 6,300 0 1,200 125,000 22,700 62,200 0 Credits 3,100 1,800 2,300 4,300 6,400 1,200 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.

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. In addition, the company had the following year-end adjusting entries. 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-ciosing trial balance. 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. In addition, the company had the following year-end adjusting entries. 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. Prepare an adjusted trial balance