5 es Required information. [The following information applies to the questions displayed below] On January 1, 2024, Red Flash Photography had the following balances: Cash, $27,000, Supplies, $9,500; Land, $75,000. Deferred Revenue, $6,500, Common Stock $65,000; and Retained Earnings, $40,000. During 2024, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $35,000. 2. May 20 3. August 31 4. October 1 5. November 17 6. December 30 Provide services to customers for cash, $50,000, and on account, $45,000. Pay salaries to employees for work in 2024, $38,000. Purchase rental space for one year, $27,000. Purchase supplies on account, $37,000. Pay dividends, $3,500. The following information is available on December 31, 2024: 1. Employees are owed an additional $5,500 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $6,500 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. 3. Prepare an adjusted trial balance 3. Prepare an adjusted trial balance. RED FLASH PHOTOGRAPHY Adjusted Trial Balance December 31, 2024 Accounts Debit Credit Required information 4 of 5 [The following information applies to the questions displayed below.] On January 1, 2024, Red Flash Photography had the following balances: Cash, $27,000; Supplies, $9,500; Land, $75,000, Deferred Revenue, $6,500, Common Stock $65,000, and Retained Earnings, $40,000. During 2024, the company had the following transactions 1. February 15 Issue additional shares of common stock, $35,000. 2. May 20 Book 3. August 31 Prime erences 4. October 1 5. November 17 6. December 30 Provide services to customers for cash, $50,000, and on account, $45,000. Pay salaries to employees for work in 2024, $38,000. Purchase rental space for one year, $27,000. Purchase supplies on account, $37,000. Pay dividends, $3,500. The following information is available on December 31, 2024: 1 Employees are owed an additional $5,500 in salaries 2. Three months of the rental space have expired. 3. Supplies of $6,500 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed 4 Pranare