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Please help me to complete answering these questions. Thank you CP4-4 Identifying and Preparing Adjusting Journal Entries [LO 4-1. Lo 42. Lo 4-3. Lo 46l

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CP4-4 Identifying and Preparing Adjusting Journal Entries [LO 4-1. Lo 42. Lo 4-3. Lo 46l The following information applies to the questions displayed below) Golf Academy, Inc., provides prvate golf lessons. Its unadusted trtal balance at December 31, 2015, follows, along with informatlon about selected accounts. Debit Credit Further Information Account Names As reported on December 31 bank statement. 31,000 Cash Based on count, only $110 of supplles still exist. 420 Supplles 2.510 of this amount, $2,100 was received for December lessons and Unearned Revenue $410 for January lessons. o Employees were paid $2.900 for 10 days of work through December 28. Salaries and Wages payable They have not yet been pald for work on December 29 and 30. 0 The company has pald last year's Income tax but not this year's tax. Income Tax Payable o The company has not pald the $105 of Interest owed on its note Interest Payable payable for the currentgeriod. 12,600 This one-year note wastaken out this year on December 1. Note Payable (ong-term) 1.000 This amount was contributed for common stock In prior years. Common Stock 2,100 This is the balance reported at the end of last year Retained Earnings Most customers pay cash for lessons each tme they are provided, Service Revenue 49,910 but some customers pay In advance. Employees worked through December 30, but did not work on Salanes and Wages Expense 35.200 December 31. This is the cost ofsupplles used through November 30 1,500 Supplies Expense The company has not pald the $105 of Interest owed on its note Interest Expense payable for the current period. The company has an average tax rate of 20% Income Tax Expense Totals 68,120 $68,120

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