On January $1,2024,$ Red Flash Photography had the following balances Cash, $$17,000$; Supplies, $$8,500$; Land, $$65,000$; Deferred Revenue, $$5,500,$ Common Stock $$55,000,$ and Retained Earnings, $$30,000.$ During $2024,$ the company had the following transactions:

February $15$ Issue additional shares of common stock, $$25,000.$

May $20$ Provide services to customers for cash, $$40,000,$ and on account, $$35,000.$

August $31$ Pay salaries to employees for work in $2024,$$$28,000.$

October $1$ Purchase rental space for one year, $$17,000.$

November $17$ Purchase supplies on account, $$27,000.$

December $30$ Pay dividends, $$2,500.$

The following information is available on December $31,2024$

Employees are owed an additional $$4,500$ in salaries.

Three months of the rental space have expired

Supplies of $$5,500$ remain on hand All other supplies have been used.

All of the services associated with the beginning deferred revenue have been performed.

$\backslash$table$[[$Requirement$,\backslash$table$[[$General$],[$Journal$]],\backslash$table$[[$General$],[$Ledger$]],$Trial Balance,$\backslash$table$[[$Income$],[$Statement$]],\backslash$table$[[$Statement of$],[$SE$]],$Balance Sheet$]]$

Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances.

Record the adjusting entries in the 'General Journal' tab.

Review the adjusted 'Trial Balance' as of December $31,2024.$

Prepare an income statement for the year ended December $31,2024,$ in the 'Income Statement' tab.

Prepare the statement of Stockholder's Equity for the year ended December $31,2024,$ in the 'Income Statement' tab.

Prepare a classified balance sheet as of December $31,2024$ in the 'Balance Sheet' tab.

Record the closing entries in the 'General Journal' tab.