Question

< Questions 5.9 of 19 > . Sove & Submit The following information applies to the questions displayed below! On January 2018, Red Flash Photography had the following balances: Cash, $18,000: Supplies, $8.600 Land, $66,000: Deferred Revenue, $5,600; Common Stock $56.000, Retained Earnings, $31.000. During 2018, the company had the following transactions 1 Issue additional shares of common stock $26.000 2. Provide services to customers for cash, 541.000, and on account $36,000. 3. Paysalaries to employees for work in 2018. $29,000. 4. Purchase rental space for one year $18,000 5. Purchase supplies on account $28.000. 6. Pay dividends. $2600 The following information is available on December 31, 2018 1. Employees are owed an additional $4600 in salaries 2. Three months of the total space has expired. 3. Supplies of $5,000 remain on hand 4. All of the services associated with the beginning deferred revenue have been performed

Answer 1

Adjusted trial balance

	Debit	Credit
Cash	35400
Account receivable	36000
Supplies	5600
Prepaid rent	13500
Land	66000
Account payable		28000
Salaries payable		4600
Common Stock		82000
Retained earnings		31000
Dividend	2600
Service revenue		82600
Salaries expense	33600
Supplies expense	31000
Rent expense	4500
Total	228200	228200