L'IC IUIIU WITTY HITUTIQUUII Oppiico LULUIC quc LIVIT UisplayCU UCIUV.) 12 Golf Academy, Incorporated, provides private golf lessons. Its unadjusted trial balance at December 31, 2021, follows, along with information about selected accounts. t 2 of 4 Account Names Cash Debit $ 30,900 Supplies 400 Deferred Revenue ts Salaries and Wages Payable eBook Income Tax Payable 0 ASK Interest Payable Print Notes Payable (long-term) Credit Further Information As reported on December 31 bank statement. Based on count, only $100 of supplies still exist. $ 2,400 of this amount, $2,000 was received for December lessons and $400 for January lessons. Employees were paid $3,000 for 10 days of work o 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 $110 of interest o owed on its notes payable for the current period. This one-year note was taken out this year on 13,200 December 1. This amount was contributed for common stock 1,000 in prior years. This is the balance reported at the end of 2,000 last year. Most customers pay cash for lessons each time 49,200 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 $110 of interest owed on its notes payable for the current period. The company has an average tax rate of 20%. $ 67,800 Common Stock Retained Earnings Service Revenue 35,100 Salaries and Wages Expense Supplies Expense 1,400 Interest Expense 0 Income Tax Expense Totals $ 67,800 ទ < Prev 12 13 14 of 15 DD Next > m 2