General Ledger Please help thanks
GL 2-10 (Static) Record transactions and prepare adjusting entries, adjusted trial balance, financial statements, and closing entries (LO2-3, 2-4, 2-5, 2-6, 2-7,2-8) On January 1, 2024, Red Flash Photography had the following balances: Cash, $12,000; Supplies, $8,000; Land, $60,000; Deferred Revenue, $5,000; Common Stock $50,000; and Retained Earnings, $25,000. During 2024, the company had the following transactions: 1. Tebruary 15 Issue additional shares of common stock, $20,000. 2. May 20 Provide services to custoners for eash, $35,000, and on account, $30,000. 3. August 31 Pay galaries to employees for work in 2024, $23,000. 5. November 17 Purchase rental apace for one year, $12,000. 6. Decesber 30 Pay dividends, $2,000. The following information is available on December 31, 2024: 1. Employees are owed an additional $4,000 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $5,000 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. Prepare the journal entries for transactions. Note: If no entry is required for a particular transaction/event, select "No Journat Entry Required" in the first account field. The following information is available on December 31,2024 : 1. Employees are owed an additional $4,000 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $5,000 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. 1. Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab. 3. Review the adjusted 'Trial Balance' as of December 31,2024. 4. Prepare an income statement for the year ended December 31, 2024, in the 'Income Statement' tab. 5. Prepare the statement of Stockholder's Equity for the year ended December 31, 2024, in the 'Income Statement' tab. 6. Prepare a classified balance sheet as of December 31,2024 in the 'Balance Sheet' tab. 7. Record the closing entries in the 'General Journal' tab. Record the issuance of additional shares of common stock, $20,000. Note: Enter debits before credits. 567813 Record the entry for services provided to customers for cash, $35,000, and on account, $30,000. Note: Enter debits before credits. Journal entry worksheet 5678 Record the salaries paid to employees for work in 2024, $23,000. Note: Enter debits before credits. Journal entry worksheet 1 67 Record the purchase of rental space for one year, $12,000. Note: Enter debits before credits. Journal entry worksheet
