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i have most of this done, but when i go to do my balance sheet most of my answers are wrong. im stuck Prepare a

i have most of this done, but when i go to do my balance sheet most of my answers are wrong. im stuck image text in transcribed
image text in transcribed
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image text in transcribed
Prepare a statement of stockholders' equity. Complete this question by entering your answers in the tabs below. Prepare an income statement. Required information [The following information applies to the questions displayed below] On January 1, 2024, Red Flash Photography had the following balances: Cash, $31,000; Supplies, $9,900; Land, $79,000; Deferred Revenue, \$6,900; Common Stock \$69,000; and Retained Earnings, \$44,000, During 2024, the company had the following transactions: 1. February 15 Issue additionel shares of comson stoek, $39,000. 2. May 20 Provide Eervices to customers for cash, $54,000, and on account, $49,000. 3. Auguat 3I Pay salaries to enployees for work in 2024,542,000. 4. Ootober 1 Parchase rental space for one year, $31,000. 5. Novenber 17 Purchase supplies on account, $41,000. 6. December 30 Pay dividends, $3,900. The following information is available on December 31,2024 : 1. Employees are owed an additional $5,900 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $6,900 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. P1 Prepare a statement of stockholders' equity. Complete this question by entering your answers in the tabs below. Prepare an income statement. Required information [The following information applies to the questions displayed below] On January 1, 2024, Red Flash Photography had the following balances: Cash, $31,000; Supplies, $9,900; Land, $79,000; Deferred Revenue, \$6,900; Common Stock \$69,000; and Retained Earnings, \$44,000, During 2024, the company had the following transactions: 1. February 15 Issue additionel shares of comson stoek, $39,000. 2. May 20 Provide Eervices to customers for cash, $54,000, and on account, $49,000. 3. Auguat 3I Pay salaries to enployees for work in 2024,542,000. 4. Ootober 1 Parchase rental space for one year, $31,000. 5. Novenber 17 Purchase supplies on account, $41,000. 6. December 30 Pay dividends, $3,900. The following information is available on December 31,2024 : 1. Employees are owed an additional $5,900 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $6,900 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. P1

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