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i need help please the cash is wrong in the first bar ignore that On January 1, 2021, Red Flash Photography had the following balances
i need help please the cash is wrong in the first bar ignore that
On January 1, 2021, Red Flash Photography had the following balances Cash, $24,000; Supplies, $9,200, Land, $72,000: Deferred Revenue, $6.200: Common Stock $62,000; and Retained Earnings, $37.000. During 2021, the company had the following transactions 1. February 15 Issue additional shares of common stock, $32,000. 2. May 20. Provide services to customers for cash, $47,088, and an account, $42,000. 3. August 31 Pay salaries to employees for work in 2021, $35,000. 4. October 1 Purchase rental space for one year) $24,000. 5. November 17 Purchase supplies on account, $34,600. 6. December 30 Pay dividends, $3,200. The following information is available on December 31, 2021 1. Employees are owed an additional $5 200 in salaries 2 Three months of the rental space has expired. 3. Supplies of $6,200 remain on hand 4. All of the services associated with the beginning deferred revenue have been performed $ GA 47,000 42,000 Cash Accounts Receivable Supplies Prepaid Rent Land Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Supplies Expense Totals $ 89,000 $ 0 Step by Step Solution
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