Problem 3-7A Complete the accounting cycle after adjusting entries (LO3-4, 3-5, 3-6, 3-7 IThe following information applies to the questions displayed below.U Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December 31, 2018, appears below. December 31 is the company's fiscal year-end. Accounts Debits Credits 10,300 Cash 9,500 Accounts Receivable Supplies 2,000 7,200 Prepaid Rent 90,000 Equipment 12,000 Accumulated Depreciation Accounts Payable 7700 Salaries Payable Interest Payable Utilities Payable 20,000 Notes Payable 45,000 Common Stock Retained Earnings 19,000 Service Revenue 42,200 24,500 Salaries Expense Interest Expense Rent Expense Supplies Expense Utilities Expense 2,400 Depreciation Expense Totals $145,900 $145,900