Required information [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. Accounts Cash Accounts Receivable Interest Receivable Supplies Prepaid Rent Land Notes Receivable Accounts Payable Salaries Payable Deferred Revenue Utilities Payable Common Stock Retained Earnings Service Revenue Interest Revenue Debits Credits $ 22,300 10,700 0 3,200 8,400 90,000 32,000 $ 9,500 0 5,900 0 106,600 21,500 54,200 Salaries Expense 27,500 Rent Expense 0 Supplies Expense Utilities Expense 3,600 Totals $197,700 $197,700 In addition, the company had the following year-end adjusting entries. Debits Credits a. Salaries Expense 2,700 Salaries Payable 2,700 b. Interest Receivable. 1,400 Interest Revenue 1,400 c. Supplies Expense 1,900 Supplies 1,900 d. Deferred Revenue. 3,900 Service Revenue 3,900 e. Rent Expense 6,000 Prepaid Rent 6,000 f. Utilities Expense 800 Utilities Payable 800 5. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)