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On January 1 , 2 0 2 4 , Red Flash Photography had the following balances: Cash, $ 3 0 , 0 0 0 ;

On January 1,2024, Red Flash Photography had the following balances: Cash, $30,000; Supplies, $9,800; Land, $78,000; Deferred Revenue, $6,800; Common Stock $68,000; and Retained Earnings, $43,000. During 2024, the company had the following transactions:
1. February 15 Issue additional shares of common stock, $38,000.
2. May 20 Provide services to customers for cash, $53,000, and on account, $48,000.
3. August 31 Pay salaries to employees for work in 2024, $41,000.
4. October 1 Purchase rental space for one year, $30,000.
5. November 17 Purchase supplies on account, $40,000.
6. December 30 Pay dividends, $3,800.
The following information is available on December 31,2024:
Employees are owed an additional $5,800 in salaries.
Three months of the rental space have expired.
Supplies of $6,800 remain on hand. All other supplies have been used.
All of the services associated with the beginning deferred revenue have been performed.
3. Prepare an adjusted trial balance.

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