GL $2-10($Algo$)$ Record transactions and prepare adjusting entries, adjusted trial balance, financial 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.

Post$-$closing 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.

Post$-$closing

statements, and closing entries $($LO$2-3,2-4,2-5,2-6,2-7,2-8)$

On January $1,2024,$ Red Flash Photography had the following balances: Cash, $$18,000$; Supplies, $$8,600$; Land, $$66,000$; Deferred

Revenue, $$5,600$; Common Stock $$56,000$; and Retained Earnings, $$31,000.$ During $2024,$ the company had the following

transactions:

February $15$ Issue additional shares of common stock, $$26,000.$

May $20$ Provide services to customers for cash, $$41,000,$ and on account, $$36,000.$

August $31$ Pay salaries to employees for work in $2024,$ $$29,000.$

October $1$ Purchase rental space for one year, $$18,000.$

November $17$ Purchase supplies on account, $$28,000.$

December $30$ Pay dividends, $$2,600.$

The following information is available on December $31,2024$ :

Employees are owed an additional $$4,600$ in salaries.

Three months of the rental space have expired.

Supplies of $$5,600$ remain on hand. All other supplies have been used.

All of the services associated with the beginning deferred revenue have been performed.

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.