Question: Problem 3-7A (Algo) Complete the accounting cycle after adjusting entries (LO3-4, 3-5, 3-6, 3-7) Crimson Tide Music Academy offers lessons in playing a wide range




Problem 3-7A (Algo) Complete the accounting cycle after adjusting entries (LO3-4, 3-5, 3-6, 3-7) Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December 31,2024 , appears below. December 31 is the company's fiscal year-end. In addition, the company had the following year.end adjusting entries In addition, the company had the following year-end adjusting entries. Required; 1., 2 \& 6. Enter the unadjusted balances from the trial balance and post the adjusting entries to the T-accounts, and post the closing entries to the T-accounts. 3. Prepare an adjusted trial balance. 4. Prepare an income statement, statement of stockholders' equity, and classified balance sheet for the year ended December 31 , 2024 5. Record closing entries. 7. Prepare apost-closing trial balance. Complete this question by entering your answers in the tabs below. Enter the unadjusted balances from the trial balance and post the adjusting entries to the T-accounts, and post the closing entries to the T-ac Complete this question by entering your answers in the tabs below
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