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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.

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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 Credits Debits $ 22,300 10,700 3,200 8,400 90,000 32,88 $ 9,500 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 Salaries Expense Rent Expense Supplies Expense Utilities Expense Totals 5.900 106,600 21.500 54,200 27,500 0 3,600 $197,780 $197,700 In addition, the company had the following year-end adjusting entries. Debits Credits a. Salaries Expense 2,700 Salaries Payable 2,780 b. Interest Receivable 1.400 Interest Revenue 1,400 C. Supplies Expense 1.900 Supplies 1.90 d. Deferred Revenue 3,900 Service Revenue 3,9 e. Rent Expense 6.000 Prepaid Rent 6,000 f. Utilities Expense Utilities Payable 800 80 3. Prepare an adjusted trial balance. CRIMSON TIDE MUSIC ACADEMY Adjusted Trial Balance December 31, 2021 Accounts Debit Cash Accounts Receivable Credit Check my w B Supplies Expense Utilities Expense Totals 3,600 $197,7ee $197,700 IS 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 1.4ee C. Supplies Expense 1,900 Supplies 1.900 d. Deferred Revenue 3,900 Service Revenue 3,9ee e. Rent Expense 6,000 Prepaid Rent 6,cae f. Utilities Expense 800 Utilities Payable 800 aces Credit 3. Prepare an adjusted trial balance. CRIMSON TIDE MUSIC ACADEMY Adjusted Trial Balance December 31, 2021 Accounts Debit 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 Salaries Expense Rent Expense Supplies Expense Utilities Expense Totals

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