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Required information [The following information applies to the questions displayed below.] On January 1, 2024, Red Flash Photography had the following balances: Cash, $30,000; Supplies,

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Required information [The following information applies to the questions displayed below.] On January 1, 2024, Red Flash Photography had the following balances: Cash, $30,000; Supplies, $9.800; Land, \$78,000; Deferred Revenue, \$6,800; Common Stock \$68,000; and Retained Eamings, \$43.000. During 2024, the company had the following transactions. 1. February 15 Issue additional shares of common stock, $38,000. 2. May 20 Provide services to custosers for cash, $53,000, and on account, $48,000. 3. August 31 Pay salaries to employees for work in 2024, $41,000. 4. October 1 Purchase rental space for one year, $30,000. \$. Novenber 17 Purchase supplies on account, $49,000. 6. December 30 Pay dividends, $3,800. The following information is avallable on December 31, 2024: 1. Empioyees are owed an additional $5,800 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $6,800 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. 3. Prepare an adjusted trial balance

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