On January 1, 2021, Red Flash Photography had the following balances: Cash, $31,000; Supplies, $9,900; Land, $79,000; Deferred Revenue, $6,900; Common Stock $69,000; and Retained Earnings, $44,000. During 2021, the company had the following transactions:

1.		February		15		Issue additional shares of common stock, $39,000.
2.		May		20		Provide services to customers for cash, $54,000, and on account, $49,000.
3.		August		31		Pay salaries to employees for work in 2021, $42,000.
4.		October		1		Paid for one year's rent in advance, $31,000.
5.		November		17		Purchase supplies on account, $41,000.
6.		December		30		Pay dividends, $3,900.

The following information is available on December 31, 2021:

1. Employees are owed an additional $5,900 in salaries.
2. Three months of the rental space has expired.
3. Supplies of $6,900 remain on hand.
4. All of the services associated with the beginning deferred revenue have been performed.

1 On January 1, 2021, Red Flash Photography had the following balances: Cash, $31,000; Supplies, $9,900; Land, $79,000; Deferred Revenue, $6,900; Common Stock $69,000; and Retained Earnings, $44,000. During 2021, the company had the following transactions: 10 points 1. February 15 Issue additional shares of common stock, $39,000. 2. May 20 Provide services to customers for cash, $54,000, and on account, $49,000. 3. August 31 Pay salaries to employees for work in 2021, $ 42,000. 4. October 1 Paid for one year's rent in advance, $31,000. 5. November 17 Purchase supplies on account, $41,000. 6. December 30 Pay dividends, $3,900. eBook Print References The following information is available on December 31, 2021: 1. Employees are owed an additional $5,900 in salaries. 2. Three months of the rental space has expired. 3. Supplies of $6,900 remain on hand. 4. All of the services associated with the beginning deferred revenue have been performed. No Date Account Title Debit Credit 1 Feb 15 No Transaction Recorded 2 May 20 No Transaction Recorded 3 Aug 31 No Transaction Recorded 4 Oct 01 No Transaction Recorded 5 Nov 17 No Transaction Recorded 6 Dec 30 No Transaction Recorded 7 Dec 31 No Transaction Recorded 8 Dec 31 No Transaction Recorded 9 Dec 31 No Transaction Recorded 10 Dec 31 No Transaction Recorded 11 Dec 31 No Transaction Recorded Requirement General Journal General Ledger Trial Balance Income Statement Statement of SE Balance Sheet Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Dates: Jan 01 to: Dec 30 General Ledger Account Cash Supplies No. Date Debit Credit Balance No. Date Debit Credit Balance Jan 01 31,000 Jan 01 9,900 Land Deferred Revenue No. Date Debit Credit Balance No. Date Debit Credit Balance Jan 01 79,000 Jan 01 6,900 Common Stock Retained Earnings No. Date Debit Credit Balance No. Date Debit Credit Balance Jan 01 69,000 Jan 01 44,000 Requirement General Journal General Ledger Trial Balance Income Statement Statement of SE Balance Sheet Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. Unadjusted RED FLASH PHOTOGRAPHY Trial Balance December 30, 2021 Account Title Debit Credit Cash $ 31,000 9,900 Supplies Land 79,000 Deferred Revenue Common Stock 6,900 69,000 44,000 119,900 Retained Earnings Total $ 119,900 $ Requirement General Journal General Ledger Trial Balance Income Statement Statement of SE Balance Sheet Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted RED FLASH PHOTOGRAPHY Income Statement For the year ended December 31, 2021 Revenues: Total Revenue 0 Expenses: Total Expenses 0 $ 0 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 Stock Retained Earnings Total Stockholders' Equity $ 0 0 0 0 $ 0 $ 0 $ 0 Unadjusted Dates: Jan 01 to: Dec 30 RED FLASH PHOTOGRAPHY Balance Sheet As of December 31, 2021 Assets Liabilities Current Assets: Current Liabilities: $ 0 $ 0 0 0 0 0 0 0 0 Total Current Liabilities 0 0 0 0 0 Total Current Assets 0 Total Liabilites O Long-term Assets: Stockholder's Equity 0 o 0 0 0 Total Stockholders' Equity Total Liabilities & Stockholders' Equity Total Assets $ 0 $ 0