Gun Acquemy, pred provides private you ressurst unjusted audience an along with information about selected accounts. Account Names Cash Supplies 1 of 4 Deferred Revenue Salaries and Wages Payable Debit $31,900 600 Credit Further Information As reported on December 31 bank statement. Based on count, only $200 of supplies still exist. $3,500 of this amount, $3,000 was received for December lessons and $500 for January lessons. 0 Employees were paid $1,000 for 10 days of work through December 28. They have not yet been paid for work on December 29 and 30. Income Tax Payable Book ences Interest Payable Notes Payable (long-term) Common Stock Retained Earnings Service Revenue 0 The company has paid last year's income tax but not this year's tax. 0 The company has not paid the $100 of interest owed on its notes payable for the current period. 12,000 This one-year note was taken out this year, on December 1. 1,000 This amount was contributed for common stock in prior years. 3,000 This is the balance reported at the end of last year. 51,500 Most customers pay cash for lessons each time they are provided, but some customers pay in advance. Salaries and Wages Expense 36,100 Supplies Expense 2,400 Interest Expense Income Tax Expense Totals $ 71,000 $ 71,000 0 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 $100 of interest owed on its notes payable for the current period. The company has an average tax rate of 30. omework i Check my work mode: This shows what is correct or in Required information GOLF ACADEMY, INCORPORATED Unadjusted Income Statement For the Year Ended December 31, 2021 Revenues Service Revenue Total Revenues $ 51,500 0 51,500 Expenses Salaries and Wages Expense 36,100 Supplies Expense 2,400 0 0~ Total Expenses 38,500 Net Income $13,000 f4 Income Tax Expense Totals current period. 0 $ 71,000 $ 71,000 The company has an average tax rate of 30%. 2. Name the five pairs of balance sheet and income statement accounts that require adjustment and indicate the amount of adjustment for each pair. Adjustment Balance sheet account Related income statement account Amount k (1) Deferred Revenue Service Revenue $ 3,000 (2) Interest Payable Interest Expense 100 aces (3) Salaries and Wages Payable Salaries and Wages Expense (4) Supplies (5) Income Tax Payable Supplies Expense Income Tax Expense 200 400 ar 1 Solution... Homework Required information Req 4a Req 4b Calculate the adjusted net income that the company should r GOLF ACADEMY, INCORPORATED Income Statement For the Year Ended December 31, 2021 Req 4a 0 0 < Pr