[The following information applies to the questions displayed below.) Golf Academy, Inc., provides private golf lessons. Its unadjusted trial balance at December 31, 2018, follows, along with Information about selected accounts Credit Account Names Cash Supplies Deferred Revenue Debit $31,900 669 $ 3,500 Salaries and Wages payable e Income Tax Payable Interest Payable Notebyable (long-teri) Common Stock Retained Earnings Service Revenue 12,000 1,880 3,000 51,500 Further Information As reported on December 31 bank statement. Based on count, only $200 of supplies still exist. of this amount, $3,000 was received for December lessons and $500 for January lessons. Employees were paid $1,000 for 10 days of work through December 28. They have not yet been paid for work on December 29 and 30. The company has paid last year's income tax but not this year's tax. The company has not paid the $100 of interest owed on its notes payable for the current period. This one-year note was taken out this year on December 1. This amount was contributed for common stock in prior years. This is the balance reported at the end of last year. Most customers pay cash for lessons each time they are provided, but some customers pay in advance. Employees worked through December 30, but did not work on December 31. This is the cost of supplies used through November 30. The company has not paid the $100 of interest owed on its notes payable for the current period. The company has an average tax rate of 30%. Salaries and Wages Expense 36,100 Supplies Expense Interest Expense 2,400 Income Tax Expense Totals $71,800 $71,000 2. Name the five pairs of balance sheet and income statement accounts that require adjustment and indicate the amount of adjustment for each pair Ad (1) (2) (3) (4) (5) Balance sheet account Supplies Deferred Revenue Salaries and Wages Payable Income Tax Payable interest Payable Related income statement account Supplies Expense Service Revenue Salaries and Wages Expense Income Tax Expense Interest Expense Amount $ 480 3,800 360 4,179 110 Prey 1 of 2 Next >