1. record the entry to close the revenue accounts

2.record the entry to close expense accounts

3. Record the entry to close the dividends account

The following information applies to the questions displayed below, On January 1. 2018, Red Flash Photography had the following balances: Cash, $16,000; Supplies, $8,400; Land, $64,000; Deferred Revenue, $5,400; Common Stock $54.000: Retained Earnings, $29,000. During 2018, the company had the following transactions: 1 February 15 Issue additional shares of common stock, $24,000. 2. May 20 Provide services to customers for cash, $39,000, and on account, $34,000. 3. August 31 Pay salaries to employees for work in 2018, $27.000. 4. October 1 Purchase rental space for one year, $16,00O. 5. November 17 Purchase supplies on account, $26,000. 6 December 30 Pay dividends, $2.400. DaS The following information is evailable on December 31 2018: 1. Employees are owed an additional $4,400 in solariers 2. Three months of the rental space has expired. 3. Supplies of $5,400 remain on hand 4. All of the services associated with the beginning deferred revenue have been performed