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Required Information [The following information applies to the questions displayed below) On January 1, 2021, Red Flash Photography had the following balances Cash, $28,000: Supplies,

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Required Information [The following information applies to the questions displayed below) On January 1, 2021, Red Flash Photography had the following balances Cash, $28,000: Supplies, 59,600, Land, 576.000, Deferred Revenue, 56,600, Common Stock $66.000, and Retained Earnings. $41,000. During 2021, the company had the following transactions 1. February 15 Issue additional shares of common stock, 536,000. 2. May 2e Provide services to customers for cash, 551,000, and on account, 546,000. 3. August 31 Pay salaries to enployees for work in 2021, $39,000 4. October 1 Purchase rental space for one year, $28,eee. 5. November 17 Purchase supplies on account, $38,eee. 6. December 3e Pay dividends, $3,60e. The following information is availoble on December 31, 2021 1. Employees are owed an additional $5,600 in salanes. 2. Three months of the rental space has expired 3. Supplies of $6,500 remain on hand. 4. All of the services associated with the beginning deferred revenue have been performed 3. Prepare an adjusted trial balance RED FLASH PHOTOGRAPHY Adjusted Trial Balance December 31, 2021 Accounts Debit Credit

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