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I need help answering these questions as soon as possible, please Thank you CP44 Identifying and Preparing Adjusting Journal Entries [LO 4-1, LO 4-2, LO

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CP44 Identifying and Preparing Adjusting Journal Entries [LO 4-1, LO 4-2, LO 4-3, LO 4-6] The following information applies to the questions displayed below Golf Academy, Inc., provides private golf lessons. Its unadjusted trial balance at December 31, 2015, follows, along with information about selected accounts. Supplies Unearned Revenue $ 31700 560 As reported on December 31 bank statement Based on count, only $180 of supplies still exist 3,280 Of this amount, $2,800 was received for December lessons and Salaries and Wages payable Income Tax Payable Interest Payable $480 for January lessons. Employees were paid $2.200 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 years income tax but not this year's tax. The company has not paid the $100 of interest owed on its note payable for the current period 0 0 Note Payable (ong-term) Common Stock Retained Eamings Service Revenue 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 2,800 This is the balance reported at the end of last year 51.280 Most customers pay cash for lessons each time they are provided 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 $100 of interest owed on its note payable for the current period The company has an average tax rate of 30% Salaries and Wages Expense Supplies Expense Interest Expense 35,900 Income Tax Expense $ 70.360 $70.360

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