Please help with the following! #11

Exercise 3-20A Record transactions and prepare adjusting entries, adjusted trial balance, financial statements, and closing entries (LO3-3, 3-4, 3-5, 3-6, 3-7) (GL) 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 Purchase rental space for one year, $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. General General Requirement Journal Trial Balance Ledger Income Statement Statement of SE Balance Sheet 1. Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger and the Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab. 3. Review the adjusted 'Trial Balance' as of December 31, 2021. 4. Prepare an income statement for the year ended December 31, 2021, in the 'Income Statement' tab. 5. Prepare the statement of Stockholder's Equity for the year ended December 31, 2021, in the 'Income Statement' tab. 6. Prepare a classified balance sheet as of December 31, 2021 in the 'Balance Sheet' tab. 7. Record the closing entries in the 'General Journal" tab. General Journal > Journal entry worksheet Journal entry worksheet Journal entry worksheet 1 2 3 4 5 6 7 Record the purchase of supplies on account, $41,000. Note: Enter debits before credits. Date Account Title Nov 17 Record entry Clear entry 8 13 Debit Credit View general journal > Journal entry worksheet Journal entry worksheet Journal entry worksheet 1 2 3 4 5 6 7 Record the adjusting entry for rent on December 31. Note: Enter debits before credits. Date Account Title Dec 31 Record entry Clear entry [] 8 13 Debit Credit View general journal > Journal entry worksheet Journal entry worksheet Journal entry worksheet 1 ... 6 7 Record the entry to close the expense accounts. Note: Enter debits before credits. Date Account Title Dec 31 Record entry Clear entry 8 9 10 11 12 13 Debit Credit View general journal > Journal entry worksheet Supplies Debit Deferred Revenue Debit Retained Earnings Debit Credit Credit Balance 9,900 Balance 6,900 Balance 44,000 General General Statement of Requirement Trial Balance Income Statement Balance Sheet Journal Ledger SE 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 Unadjusted Adjusted Trial Balance December 30, 2021 Post-closing Account Title Debit Credit Cash Supplies Land Deferred Revenue Common Stock Retained Earnings Total General Ledger Income Statement > $ $ 31,000 9,900 79,000 119,900 $ 6,900 69,000 44,000 119,900 General General Statement of Requirement Trial Balance Income Statement Balance Sheet Journal Ledger SE 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: 0 0 0 Trial Balance Statement of SE > Total Revenue Total Expenses Expenses: $ General General Requirement Trial Balance Income Statement Statement of SE Balance Sheet Journal Ledger 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 0 General General Requirement Income Statement Trial Balance Statement of SE Balance Sheet Journal Ledger 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. Unadjusted Dates: Jan 01 to: Dec 30 RED FLASH PHOTOGRAPHY Balance Sheet As of January 31, 2021 Assets Current Assets: 0 0 0 0 0 0 0 0 0 0 Total Current Assets Long-term Assets: Total Assets $ $ Liabilities Current Liabilities: 0 Deferred Revenue 0 0 0 0 Total Current Liabilities 0 0 0 Total Liabilites 0 0 0 0 Total Stockholders' Equity 0 Total Liabilities & Stockholders' Equity Stockholder's Equity $ $