Problem 3-7A (Algo) Complete the accounting cycle after adjusting entries (LO3-4, 3-5, 3-6, 3-7) Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December 31, 2024, appears below. December 31 is the company's fiscal year-end. :42 d Cash Accounts Debits $ 36,300 Credits Accounts Receivable Interest Receivable 12,100 Supplies 4,600 Prepaid Rent 9,800 Land 104,000 Notes Receivable 46,000 Accounts Payable $ 11,600 ces Salaries Payable 0 Deferred Revenue 6,600 0 Utilities Payable Common Stock Retained Earnings Service Revenue Interest Revenue Salaries Expense Rent Expense Supplies Expense 31,000 0 0 5,000 138,800 23,600 68,200 0 Utilities Expense Totals $ 248,800 $ 248,800 In addition, the company had the following year-end adjusting entries. Transaction Accounts Title a. Salaries Expense Salaries Payable b. Interest Receivable Interest Revenue Debits Credits 3,400 3,400 2,100 2.100