I understand the one question per post but this is all one question. Just doesnt display it all on one page.
On January 1, 2024, Red Flash Photography had the following balances: Cash, $25,000; Supplies, $9,300; Land, $73,000; Deferred Revenue, $6,300; Common Stock $63,000; and Retained Earnings, $38,000. During 2024, the company had the following transactions: 1. February 15 Issue additional shares of eommon stock, $33,000. 2. May 20 Provide services to eustomers for cash, $48,000, and on account, $43,000. 3. August: 31 Pay salaries to employees for work in 2024,$36,000. 4. October 1 Purehase rental space for one year, $25,000. 5. November 17 Purchase supplies on account, $35,000. 6. December 30 Pay dividends, $3,300. The following information is available on December 31,2024 : 1. Employees are owed an additional $5,300 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $6,300 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. Journal entry worksheet Record the issuance of additional shares of common stock, $33,000. Note: Enter debits before credits. Record the entry for services provided to customers for cash, $48,000, and on account, $43,000. Note: Enter debits before credits. Record the salaries paid to employees for work in 2024,$36,000. Note: Enter debits before credits. Record the purchase of rental space for one year, $25,000. Note: Enter debits before credits. Record the purchase of supplies on account, $35,000. Note: Enter debits before credits. Record the payment of dividends, $3,300. Note: Enter debits before credits. On December 31 , employees are owed an additional $5,300 in salaries. Record the adjusting entry for salaries on December 31 . Note: Enter debits before credits. On December 31 , three months of the rental space have expired. Record the adjusting entry for rent on December 31 . Note: Enter debits before credits. On December 31 , supplies of $6,300 remain on hand. Record the adjusting entry for supplies on December 31 . Note: Enter debits before credits. On December 31 , supplies of $6,300 remain on hand. Record the adjusting entry for supplies on December 31 . Note: Enter debits before credits. On December 31 , all of the services associated with the beginning deferred revenue have been performed. Record the adjusting entry for deferred revenue on December 31. Note: Enter debits before credits. Record the entry to close the revenue accounts. Note: Enter debits before credits. Record the entry to close the expense accounts. Note: Enter debits before credits. Record the entry to close the dividends account. Note: Enter debits before credits
