Problem 3-7A Complete the accounting cycle after adjusting entries (LO3-4, 3-5, 3-6, 3-7 IThe following information applies to the questions displayed below.U Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments The unadjusted trial balance as of December 31, 2018, appears below. December 31 is the company's fiscal year-end. Debits Accounts Credits Cash 10,300 9,500 Accounts Receivable Supplies 2,000 Prepaid Rent 7,200 Equipment 90,000 12,000 Accumulated Depreciation Accounts Payable 7700 Salaries Payable Interest Payable Utilities Payable 20,000 Notes Payable Common Stock 45,000 Retained Earnings 19,000 Service Revenue 42,200 24,500 Salaries Expense Interest Expense Rent Expense Supplies Expense Utilities Expense 2,400 Depreciation Expense Totals $145,900 $145,900