Journal Entries $-$ Exercise $4-12($Algo$)$ Record transactions and prepare adjusting entries, adjusted trial balance, financial statements, and closling entries $($LO$4-3,4-4,4-5,4-6,4-7)$

$($The following indormation applies to the questions chipplayert Dedbw$)$

On January $1,2026.$ Aed Flash Photography had the following balances: Cash, $$88,000,5$ upplies, $$8,600,$ Land, $$66,000,$ Deferred Reverue, $$5,600.$ Common Stock $$56,000,$ and Retained Earrings, $$31000$ Duing $2026.$ the conpany had the following tramsactions:

February is Issue adaitional shares of coenon steck, $126,00$e$.$

August $31$ Pay salaries to eeplorees foe vork in $3036,530$ aed

October $1$ Purchase rental space for $1$ year, $$18,$ eob,

Movesber $17$ Purchase supplies on account, $$28,009,$

Deccemer $30$ Pay dividends, $32,600.$

The following information is awallatle on December $31,2026$:

Employees are owed an additional $$4\mathrm{.}600$ in salaries.

Three months of the rental space have expired.

Supplies of $$5,600$ remain on hand.

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

Journal Entries $-$ Exercise $4-12($Algo$)$ Part $4$

$4.$ Prepare an income statemsent, statement of stockholders' equity, and classfied belance sheet.

Complete this question by entering your answers in the tabs below.

Prey

$5$

$6$

of $12$

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