16 Part 5 of 5 555 points Required information [The following information applies to the questions displayed below] On January 1, 2021, Red Flash Photography had the following balances: Cash, $26,000, Supplies, $9.400, Land, $74,000; Deferred Revenue, $6,400, Common Stock $64,000; and Retained Earnings, $39,000. During 2021, the company had the following transactions 1. February 15 Issue additional shares of common stock, $34,000. Sed 2. May 3. August eBook P References 20 Provide services to customers for cash, $49,000, and on account, $44,000, 31 Pay salaries to employees for work in 2021, $37,000. 4. October. 1 Purchase rental space for one year, $26,000. 5. November 17 Purchase supplies on account, $36,000. 6. December 30 Pay dividends, $3,400. The following information is available on December 31, 2021 1. Employees are owed an additional $5,400 in salaries 2. Three months of the rental space has expired. 3. Supplies of $6,400 remain on hand 4. All of the services associated with the beginning deferred revenue have been performed. 5. Prepare closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction Rest Journal entry worksheet < 1 2. 3 Darned the antru torines the rauens onts 5. Prepare closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit Record entry Clear entry View general journal