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' i do not need to see work just answers in same format of hw thx On January 1, 2021, Red Flash Photography had the
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i do not need to see work just answers in same format of hw thx
On January 1, 2021, Red Flash Photography had the following balances: Cash $29.000: Supplies. $9,700: Land. $77,000: Deferred Revenue, $6,700: Common Stock $67.000; and Retained Earnings. $42,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $37,880. 2. May 20 Provide services to customers for cash, $52,680, and on account, $47,800. 3. August 31 Pay salaries to employees for work in 2021, $48,680. 4. October 1 Paid for one year's rent in advance, $29,68e. 5. November 17 Purchase supplies on account, $39, eee. 6. December 38 Pay dividends, $3,700. The following Information is available on December 31, 2021: 1. Employees are owed an additional $5.700 in salaries. 2. Three months of the rental space has expired. 3. Supplies of $6,700 remain on hand. 4. All of the services associated with the beginning deferred revenue have been performed. Requirement General Journal General Ledger Trial Balance Income Statement Statement of SE Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction at Journal entry worksheet Record the issuance of additional shares of common stock, 537,000. Note: Enter debits before credits Account Title Debit Credit Date Feb 15 Record entry Clear entry View general Journal Requirement General Journal General Ledger Trial Balance Income Statement Statement of SE Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction et Journal entry worksheet 8 9 10 1 7 11 12 13 > Record the adjusting entry for salaries on December 31. Note: Enter debits before credits Account Title Debit Credit Date Dec 31 Record entry Clear entry View general Journal rou Mout Requirement General Journal General Ledger Trial Balance Income Statement Statement of SE Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry for rent on December 31. Note: Enter debits before credits Account Title Debit Credit Date Dec 31 Record entry Clear entry View general Journal W Requirement General Journal General Ledger Trial Balance Income Statement Statement of SE Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 6 10 11 12 13 Record the adjusting entry for supplies on December 31. Note: Enter dabits before credits. Account Title Debit Credit Date Dec 31 Record entry Clear entry View general Journal General Journal General Ledger Trial Balance Income Statement Statement of SE Balance Sheet Requirement Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits Account Title Debit Credit Date Dec 31 Record entry Clear entry View general Journal Requirement General Journal General Ledger Trial Balance Income Statement Statement of SE Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction Mat Journal entry worksheet 1 6 7 9 10 11 12 13 > Record the adjusting entry for deferred revenue on December 31. Note: Enter debits before credits Date Account Title Debit Credit Dec 31 Record entry Clear entry View general Journal Requirement General Journal General Ledger Trial Balance Income Statement Statement of SE Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No journal entry requi in the first account field.) View transaction Mat Journal entry worksheetStep by Step Solution
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