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Required information Problem 3-7A Complete the accounting cycle after adjusting entries (LO3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.) Crimson

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Required information Problem 3-7A Complete the accounting cycle after adjusting entries (LO3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.) Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December 31, 2021, appears below. December 31 is the company's fiscal year-end. Debits $ 10, 300 9,500 Credits 2,000 7,200 78,000 20,000 Accounts Cash Accounts Receivable Interest Receivable Supplies Prepaid Rent Land Notes Receivable Accounts Payable Salaries Payable Deferred Revenue Utilities Payable Conmon Stock Retained Earnings Service Revenue Interest Revenue Salaries Expense Rent Expense Supplies Expense Utilities Expense Totals $ 7,700 0 5,300 79,000 19,700 42,200 24,500 2,400 $153,900 $153,900 In addition, the company had the following year-end adjusting entries. Chapter 3 Homework Saved Help 5 Salaries Payable Deferred Revenue Utilities Payable Common Stock Retained Earnings Service Revenue Interest Revenue Salaries Expense Rent Expense Supplies Expense Utilities Expense Totals 8 5,300 8 79,000 19,700 42,200 @ 24,500 art 1 of 5 0 2,400 $153,900 $153,900 Ints In addition, the company had the following year-end adjusting entries. eBook Debits 2,100 Credits Print 2,100 see oferoncos 800 1,300 a. Salaries Expense Salaries Payable b. Interest Receivable Interest Revenue C. Supplies Expense Supplies d. Deferred Revenue Service Revenue e. Rent Expense Prepaid Rent f. Utilities Expense Utilities Payable 1,300 3,300 3,300 $1,400 5,400 200 200 Problem 3-7A Parts 1, 2 and 6 Required: 1., 2. & 6. Enter the unadjusted balances from the trial balance and post the adjusting entries to the T-accounts, and post the antree to the TOPPArinte Required information Cash Accounts Receivable Beg Bal. Beg. Bal End. Bal. End. Bal. Supplies Interest Receivable Beg. Bal. Beg. Bal End. Bal. End. Bal Prepaid Rent Land Bog. Bal Beg Bal End. Bal End, Bal Notes Receivable Accounts Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Saved mework Help ! Required information Salaries Payable Utilities Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Deferred Revenue Common Stock Beg. Bal. Beg. Bal. + End. Bal. End. Bal. Retained Earnings Service Revenue Beg. Bal Beg. Bal. End. Bal. End. Bal. Interest Revenue Salaries Expense Beg. Bal Bog. Bal. L End. Bal End. Bal. LE S Interest Revenue Salaries Expense 15 Beg. Bal Beg Bal. End. Bal. End. Bal. Rent Expense Supplies Expense Beg. Bal. Beg. Bal. + hces End. Bal. End. Bal. Utilities Expense Beg. Bal End. Bal

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