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of 5 bok nt [The following information applies to the questions displayed below.] On January 1, 2024, Red Flash Photography had the following balances: Cash,
of 5 bok nt [The following information applies to the questions displayed below.] On January 1, 2024, Red Flash Photography had the following balances: Cash, $28,000; Supplies, $9,600; Land, $76,000; Deferred Revenue, $6,600; Common Stock $66,000; and Retained Earnings, $41,000. During 2024, the company had the following transactions: 1. February 15 2. May 20 3. August 31 4. October 1 5. November 17 6. December 30 Issue additional shares of common stock, $36,000. Provide services to customers for cash, $51,000, and on account, $46,000. Pay salaries to employees for work in 2024, $39,000. Purchase rental space for one year, $28,000. Purchase supplies on account, $38,000. Pay dividends, $3,600. The following information is available on December 31, 2024: 1. Employees are owed an additional $5,600 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $6,600 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. [The following information applies to the questions displayed below.] On January 1,2024, Red Flash Photography had the following balances: Cash, $28,000, Supplies, $9,600; Land. $76,000; Deferred Revenue, $6,600; Common Stock $66,000, and Retained Earnings, $41,000. During 2024, the company had the following transactions 1. February 15 Issue additional shares of connon stock, 536,0e9. 2. May 2e: Provide services to custoners for cash, $51,8e, and on account, $46, eee, 3. August 31 Pay salartes to employees for work in 2024, $39,00e, 4. October 1 Purchase rental space for one year, $28, eog. 5. Novenber 17 Purchase supplies on account, $38,306. 6. Decenber 3e Pay dividends, 53,6ed. The following information is avallable on December 3,2024 1. Employees are owed an additional $5,600 in salaries 2. Three months of the rental space have expired. 3. Supplies of $6,600 remain on hand. All other supplies have been used 4. All of the services associated with the beginning deferred revenue have been performed. On December 31 , employees are owed an additional $5,600 in salaries. Record the adjusting entry for salaries on December 31. Note- Enter debits bedore credits. [The following information applies to the questions displayed below.] On January 1,2024, Red Flash Photography had the following balances: Cash, $28,000, Supplies, $9,600; Land. $76,000; Deferred Revenue, $6,600; Common Stock $66,000, and Retained Earnings, $41,000. During 2024, the company had the following transactions 1. February 15 Issue additional shares of connon stock, 536,0e9. 2. May 2e: Provide services to custoners for cash, $51,8e, and on account, $46, eee, 3. August 31 Pay salartes to employees for work in 2024, $39,00e, 4. October 1 Purchase rental space for one year, $28, eog. 5. Novenber 17 Purchase supplies on account, $38,306. 6. Decenber 3e Pay dividends, 53,6ed. The following information is avallable on December 3,2024 1. Employees are owed an additional $5,600 in salaries 2. Three months of the rental space have expired. 3. Supplies of $6,600 remain on hand. All other supplies have been used 4. All of the services associated with the beginning deferred revenue have been performed. On December 31 , employees are owed an additional $5,600 in salaries. Record the adjusting entry for salaries on December 31. Note- Enter debits bedore credits
of 5 bok nt [The following information applies to the questions displayed below.] On January 1, 2024, Red Flash Photography had the following balances: Cash, $28,000; Supplies, $9,600; Land, $76,000; Deferred Revenue, $6,600; Common Stock $66,000; and Retained Earnings, $41,000. During 2024, the company had the following transactions: 1. February 15 2. May 20 3. August 31 4. October 1 5. November 17 6. December 30 Issue additional shares of common stock, $36,000. Provide services to customers for cash, $51,000, and on account, $46,000. Pay salaries to employees for work in 2024, $39,000. Purchase rental space for one year, $28,000. Purchase supplies on account, $38,000. Pay dividends, $3,600. The following information is available on December 31, 2024: 1. Employees are owed an additional $5,600 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $6,600 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed.
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