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2. May applies to the questions displayed below.) On January 1, 2021, the Nick Foles Philly Special Company (the NFPS Company) had the following balances

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2. May applies to the questions displayed below.) On January 1, 2021, the Nick Foles Philly Special Company (the NFPS Company) had the following balances in its accounts: Cash, $15,000; Supplies, $8,300; Land, $63,000; Deferred Revenue, $5,300; Common Stock $53,000, and Retained Earnings, $28,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $23,000. 20 Provide services to customers for cash, $38,000, and on account, $33,000. 3. August 31 Pay salaries to employees for work in Year 1, $26,000. 4. October 1 Purchase rental space for one year, $15,000. 5. November 17 Purchase supplies on account, $25,000. 6. December 30 Pay dividends, $2,300. The following information is available on December 31, 2021: 1. Employees are owed an additional $4,300 in salaries. 2. Three months of the rental space has expired. 3. Supplies of $5,300 remain on hand. 4. All of the services associated with the beginning deferred revenue have been performed Prepare an adjusted trial balance. Adjusted Trial Balance December 31, Year 1 Accounts Debit Credit Totals $ 0 $

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