12 Part 2 of 5 eBook Print ! Required information [The following information applies to the questions displayed below.] On January 1, 2024, Red Flash Photography had the following balances: Cash, $24,000; Supplies, $9,200; Land, $72,000; Deferred Revenue, $6,200; Common Stock $62,000; and Retained Earnings, $37,000. During 2024, the company had the following transactions: 1. February 15 2. May 20 3. August 31 4. October 1 Issue additional shares of common stock, $32,000. Provide services to customers for cash, $47,000, and on account, $42,000. Pay salaries to employees for work in 2024, $35,000. Purchase rental space for one year, $24,000. Purchase supplies on account, $34,000. 5. November 17 6. December 30 Pay dividends, $3,200. The following information is available on December 31, 2024: 1. Employees are owed an additional $5,200 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $6,200 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed.

Journal entry worksheet On December 31, supplies of $6,200 remain on hand. Record the adjusting entry for supplies on December 31. Note: Enter debits before credits. Journal entry worksheet On December 31, all of the services associated with the beginning deferred revenue have been performed. Record the adjusting entry for deferred revenue on December 31. Note: Enter debits before credits. Journal entry worksheet On December 31 , employees are owed an additional $5,200 in salaries. Record the adjusting entry for salaries on December 31. Note: Enter debits before credits. Required information [The following information applies to the questions displayed below]. On January 1, 2024, Red Flash Photography had the following balances: Cash, \$24,000, Supplies, \$9,200, Land, \$72,000: Deferred Revenue, $6,200, Common Stock \$62.000, and Retained Earnings, \$37,000, Duing 2024, the company had the following transactions 1. February is tssue additional thares of cheon stock, \$12, eov, 2. Hy 20 Provide services to, customers for cash, $47,000, and on eccount, 542,600. 3. Aurust 31 Pay salaries to eeployees for work in jei24, $35,600. 4. October 1 Purchase raotal space for one year. 324,000 . 9. Noveeber 17 Purchase supplies on account, 334,000. 6. Oecenber 39 Pay dividends, \$3,200. The following information is avallable on December 31, 2024: 1. Employees are owed an additional $5.200 in salaries. 2. Three months of the rental space have expired. 3. Supplies of \$6,200 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed Journal entry worksheet On December 31, three months of the rental space have expired. Record the adjusting entry for rent on December 31. Note: Enter debits before credits