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On January 1, 2021, Red Flash Photography had the followingbalances: Cash, $27,000; Supplies, $9,500; Land, $75,000; DeferredRevenue, $6,500; Common Stock $65,000; and Retained Earnings,$40,000. Du

On January 1, 2021, Red Flash Photography had the followingbalances: Cash, $27,000; Supplies, $9,500; Land, $75,000; DeferredRevenue, $6,500; Common Stock $65,000; and Retained Earnings,$40,000. Du Record the issuance of additional shares of common stock, \( \$ 35,000 \). Note: Enter debits before credits.Record the entry for services provided to customers for cash, \( \$ 50,000 \), and on acc 2 answers

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