PB4-4 Learn to Play December 31, 2010 Account names Debit Credit Cash $23,800 as reported on December 31 bank statement Supplies 300 based on count only $200 supplies still exist Unearned revenue $1,500 of this amount, $500 received in December lessons and $1,000 for January Lessons Wages Payable 0 employee paid $500 for 10 days as of 12/28 not pd 12/29-12/30 Income tax payable 0 paid last year not this year yet Interest payable 0 paid $100 interest owed on note payable for current period Notes payable $12,000 one-year note taken out December 1 Contributed capital 1,000 contributed in prior years Retained earnings 3,000 balance reported at the end of last year Lesson revenue 25,500 cash when provided, but some customers paid in advance Wage Expense 18,100 work through December 30, but didn