Golf Academy, Inc., provides private golf lessons. Its unadjusted trial balance at December 31, 2015, follows, along with information about selected accounts. Account Names Cash Supplies Unearned Revenue Debit $ 31,200 460 Salaries and Wages payable O Income Tax Payable Interest Payable Note Payable (long-term) Common Stock Retained Earnings Service Revenue Credit Further Information As reported on December 31 bank statement. Based on count, only $130 of supplies still exist. $ 2,730 of this amount, $2,300 was received for December lessons and $430 for January lessons. Employees were paid $2,700 for 10 days of work through December 28. They have not yet been paid for work on December 29 and 30. The company has paid last year's income tax but not this year's tax. 0 The company has not paid the $125 of interest owed on its note payable for the current period. 15,000 This one-year note was taken out this year on December 1. 1,000 This amount was contributed for common stock in prior years. 2,300 This is the balance reported at the end of last year. Most customers pay cash for lessons each time they are provided, 47,730 but some customers pay in advance. Employees worked through December 30, but did not work on December 31. This is the cost of supplies used through November 30. The company has not paid the $125 of interest owed on its note payable for the current period. The company has an average tax rate of 20%. Salaries and Wages Expense 35,400 Supplies Expense 1,700 Interest Expense Income Tax Expense Totals $ 68,760 $ 68,760