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GL 2-10 (Static) Record transactions and prepare adjusting entries, adjusted trial balance, financial statements, and closing entries (LO2-3, 2-4, 2-5, 2-6, 2-7,2-8) On January 1, 2024, Red Flash Photography had the following balances: Cash, $12,000; Supplies, $8,000; Land, $60,000; Deferred Revenue, $5,000; Common Stock $50,000; and Retained Earnings, $25,000. During 2024, the company had the following transactions: 1. February 15 Issue additional shares of comson stock, $20,000. 2. May 20 Provide services to customers for cash, $35,000, and on account, $30,000. 3. August 31 Pay salaries to employees for work in 2024, $23,000. 4. October 1 Purchase rental space for one year, $12,000. 5. November 17 Purchase supplies on account, $22,000. 6. December 30 Pay dividends, $2,000. The following information is available on December 31, 2024: 1. Employees are owed an additional $4,000 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $5,000 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. Each journat 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 \begin{tabular}{l|l|l|l|} \hline Unadjusted & \multicolumn{2}{|c|}{} \\ \hline \multicolumn{2}{|l|}{AdjustedPost-closing} & \multicolumn{2}{|c|}{ Cash } \\ \hline & Debit & Credit & B \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Land } \\ \hline No. & Date & Debit & Credit & Ba \\ \hline & January 01 & & & \\ \hline \end{tabular} Common Stock \begin{tabular}{|c|c|c|c|c|} \hline No. & Date & Debit & Credit & Bal \\ \hline & January 01 & & & \\ \hline \end{tabular} 1. Employees are owed an additional $4,000 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $5,000 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. 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