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Required information [The following information applies to the questions displayed below.] On January 1, 2024,...

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Accounting

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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, $17,000; Supplies, $8,500; Land, $65,000; Deferred Revenue, \$5,500; Common Stock \$55,000, and Retained Earnings, \$30,000. During 2024, the company had the following transactions: 1. February 15 Issue odditional shares of comon stock, $25,000. 2. May 20 Provide services to custoners for cash, $40,000, and on account, $35,000. 3. August 31 Pay salaries to eeployees for work in 2824,$28,000. 4. October 1 Purchase rental space for one year, $17,000. 5. Novenber 17 Purchase supplies on account, $27,009. 6. Decenber 30 Pay dividends, $2,500. The following information is available din December 31, 2024: 1. Employees are owed an additional $4,500 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $5,500 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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