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On January 1, 2021, Red Flash Photography had the following balances: Cash, $13,000; Supplies, $8,100; Land, $61,000; Deferred Revenue, $5,100; Common Stock $51,000; and Retained

On January 1, 2021, Red Flash Photography had the following balances: Cash, $13,000; Supplies, $8,100; Land, $61,000; Deferred Revenue, $5,100; Common Stock $51,000; and Retained Earnings, $26,000. During 2021, the company had the following transactions:

1. February 15 Issue additional shares of common stock, $21,000.
2. May 20 Provide services to customers for cash, $36,000, and on account, $31,000.
3. August 31 Pay salaries to employees for work in 2021, $24,000.
4. October 1 Purchase rental space for one year, $13,000.
5. November 17 Purchase supplies on account, $23,000.
6. December 30 Pay dividends, $2,100.

The following information is available on December 31, 2021:

  1. Employees are owed an additional $4,100 in salaries.
  2. Three months of the rental space has expired.
  3. Supplies of $5,100 remain on hand.
  4. All of the services associated with the beginning deferred revenue have been performed.

image text in transcribedFirst row and column one & first column last row- options

  • Balance at December 1
  • Balance at December 31
  • Balance at January 1
  • Balance at January 31
Requirement General Journal General Ledger Trial Balance Income Statement Statement of SE Balance Sheet Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the balance indicated. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Dates: Jan 01 to: Dec 30 RED FLASH PHOTOGRAPHY Statement of Stockholders' Equity For the Period Ended December 31, 2021 Common Retained Stock Earnings Total Stockholders' Equity $ 0 0 0 0 $ 0 $ 0 $ 0

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