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On January 1, 2021, 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

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On January 1, 2021, 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 2021, the company had the following transactions: 1. February 15 Issue additional shares of comton stock, $33,000. 2. May 20 provide services to customors for cash, $48,000, and on account, $43,000. 3. August 31 Pay salaries to employees for work in 2021,$36,000. 4. October 1 purehase rental space for one year, $25,000. 5. November 17 Purchase nupplies on account, 535,000. 6. December 30 Pay dividends, $3,300. The following information is available on December 31, 2021: 1. Employees are owed an additional $5,300 in salaries. 2. Three months of the rental space has expired. 3. Supplies of $6,300 remain on hand. 4. All of the services associated with the beginning deferred revenue have been performed. Note: encer aepits derure creuns. Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the b indicated. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate ce 1 Requirement General Ledger >

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