Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December 31, 2018, appears below. December 31 is the company's fiscal year-end.

Accounts	Debits			Credits
Cash	$	9,600
Accounts Receivable		8,800
Supplies		1,650
Prepaid Rent		6,360
Equipment		79,500
Accumulated Depreciation				$	10,600
Accounts Payable					7,000
Salaries Payable					0
Interest Payable					0
Utilities Payable					0
Notes Payable					16,500
Common Stock					38,000
Retained Earnings					14,300
Service Revenue					45,360
Salaries Expense		23,800
Interest Expense		0
Rent Expense		0
Supplies Expense		0
Utilities Expense		2,050
Depreciation Expense		0
Totals	$	131,760		$	131,760

Information necessary to prepare the year-end adjusting entries appears below.

a. Depreciation of equipment for the year is $5,300.

b. Accrued salaries at year-end should be $1,750.

c. Crimson Tide borrows $16,500 on September 1, 2018. The principal is due to be repaid in four years. Interest is payable each August 31 at an annual rate of 10%.

d. Unused supplies at year-end total $630. Crimson Tide debits Supplies at the time supplies are purchased.

e. Crimson Tide opens a second studio by paying for one year of rent in advance on April 1, 2018, for $6,360 ($530 per month) debiting Prepaid Rent.

f. Unpaid utilities for December total $100.

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 and prepare an adjusted trial balance sheet.