tableAccount Names,Debit,Credit,tableFurther Information renertedCash$As reported on December bank statement.SuppliestableBased on count, only $ of suppliesstill exist.Deferred Revenue,,$tableOf this amount, $ was received forDecember lessons and $ for JanuarylessonsSalaries and Wages Payable,,tableEmployees were paid $ for days ofwork through December They have notyet been paid for work on December andIncome Tax Payable,,tableThe company has paid last year's incometax but not this year's tax.Interest Payable,,tableThe company has not paid the $ ofinterest owed on its notes payable for thecurrent period.Notes Payable longtermtableThis oneyear note was taken out this yearon December Common Stock,,tableThis amount was contributed for commonstock in prior years.Retained Earnings,,tableThis is the balance reported at the end oflast year.Service Revenue,,tableMost customers pay cash for lessons eachtime they are provided, but some customerspay in advance.Salaries and Wages Expense,tableEmployees worked through December butdid not work on December Supplies Expense,tableThis is the cost of supplies used throughNovember Interest Expense,tableThe company has not paid the $ ofinterest owed on its notes payable for thecurrent period.Income Tax Expense,tableThe company has an average tax rate ofTotals$$ Prepare the adjusting journal entries that are required at December If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
