Golf Academy, Incorporated, provides private golf lessons. Its unadjusted trial balance at December $31,2021,$ follows, along with information about selected accounts.

$\backslash$table$[[$Account Names,Debit,Credit,Further Information$],[$Cash$,$$$30,900,,$As reported on December $31$ bank statement.$],[$Supplies$,400,,\backslash$table$[[$Based on count, only $$100$ of supplies still$],[$exist$.]]],[$Deferred Revenue,,$$2,400,\backslash$table$[[$Of this amount, $$2,000$ was received for$],[$December lessons and $$400$ for January lessons.$]]],[$Salaries and Wages Payable,,$0,\backslash$table$[[$Employees were paid $$3,000$ for $10$ days of work$],[$through December $28.$ They have not yet been$],[$paid for work on December $29$ and $30.]]],[$Income Tax Payable,,$,\backslash$table$[[$The company has paid last year's income tax$],[$but not this year's tax.$]]],[$Interest Payable,,$0,\backslash$table$[[$The company has not paid the $$110$ of interest$],[$owed on its notes payable for the current$],[$period$.]]],[$Notes Payable $($long$-$term$),,13,200,\backslash$table$[[$This one$-$year note was taken out this year on$],[$December $1.]]],[$Common Stock,,$1,000,\backslash$table$[[$This amount was contributed for common stock$],[$in prior years.$]]],[$Retained Earnings,,$2,000,\backslash$table$[[$This is the balance reported at the end of$],[$last year.$]]],[$Service Revenue,,$49,200,\backslash$table$[[$Most customers pay cash for lessons each time$],[$they are provided, but some customers pay in$],[$advance$.]]],[$Salaries and Wages Expense,$35,100,,\backslash$table$[[$Employees worked through December $30$ but did$],[$not work on December $31.]]],[$Supplies Expense,$1,400,,\backslash$table$[[$This is the cost of supplies used through$],[$November $30.]]],[$Interest Expense,$0,,\backslash$table$[[$The company has not paid the $$110$ of interest$],[$owed on its notes payable for the current$],[$period$.]]],[$Income Tax Expense,$0,,-$The company has an average tax rate of $20\%.],[$Totals$,$$$67,800,$$$67,800,]]$

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