Question: On January 1 , 2 0 2 4 , Red Flash Photography had the following balances: Cash, $ 2 0 , 0 0 0 ;

On January 1,2024, Red Flash Photography had the following balances: Cash, $20,000; Supplies, $8,800; Land, $68,000; Deferred Revenue, $5,800; Common Stock $58,000; and Retained Earnings, $33,000. During 2024, the company had the following transactions:
February 15 Issue additional shares of common stock, $28,000.
May 20 Provide services to customers for cash, $43,000, and on account, $38,000.
August 31 Pay salaries to employees for work in 2024, $31,000.
October 1 Purchase rental space for one year, $20,000.
November 17 Purchase supplies on account, $30,000.
December 30 Pay dividends, $2,800.
The following information is available on December 31,2024:
Employees are owed an additional $4,800 in salaries.
Three months of the rental space have expired.
Supplies of $5,800 remain on hand. All other supplies have been used.
All of the services associated with the beginning deferred revenue have been performed.
Prepare an adjusted trial balance.
\table[[RED FLASH PHOTOGRAPHY,],[Adjusted Trial Balance,],[December 31,2024,,],[,Debit,Credit],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,]]
On January 1 , 2 0 2 4 , Red Flash Photography

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