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On January 1, 2024, 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
On January 1, 2024, 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 2024 , the company had the following transactions: 1. February 15 Issue additional shares of comon stock, $33,000. 2. May 20 Provide services to custoners for cash, $48,000, and on account, $43,000. 3. August 31 Pay salaries to employees for work in 2024,$36,000. 4. October 1 Purchase rental space for one year, $25,000. 5 . November 17 Purchase supplies on account, $35,600. 6 . December 38 Pay dividends, $3,300. The following information is avallable on December 31,2024 : 1. Employees are owed an additional $5,300 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $6,300 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. Choose the appropriate accounts to complete the company's balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. On January 1, 2024, 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 2024 , the company had the following transactions: 1. February 15 Issue additional shares of comon stock, $33,000. 2. May 20 Provide services to custoners for cash, $48,000, and on account, $43,000. 3. August 31 Pay salaries to employees for work in 2024,$36,000. 4. October 1 Purchase rental space for one year, $25,000. 5 . November 17 Purchase supplies on account, $35,600. 6 . December 38 Pay dividends, $3,300. The following information is avallable on December 31,2024 : 1. Employees are owed an additional $5,300 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $6,300 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. Choose the appropriate accounts to complete the company's balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection
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