-.3.7 0 Saved Required information [The following information applies to the questions displayed below.) On January 1, 2021, the Nick Foles Philly Special Company (the NFPS Company) had the following balances in its accounts: Cash $15,000; Supplies, $8,300 Land, $63,000; Deferred Revenue $5,300; Common Stock $53,000; and Retained Earnings, $28.000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $23,000. 2. May 20 Provide services to customers for cash, $38,000, and on account, $33,000. 3. August 31 Pay salaries to employees for work in Year 1, $26,000. 4. October 1 Purchase rental space for one year, $15,000. 5. November 17 Purchase supplies on account, $25,000. 6. December 30 Pay dividends, $2,300. The following information is available on December 31, 2021: 1. Employees are owed an additional $4,300 in salaries. 2. Three months of the rental space has expired. 3. Supplies of $5,300 remain on hand. 4. All of the services associated with the beginning deferred revenue have been performed. 2. Record the adjusting entries at the end of the year. (If no entry is required for a particular transaction/event, select "No Je Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list View Journal entry worksheet 3 No Date General Journal Credit 1 December 31 Salaries Expense Salaries Payable Dobit 4,300 4,300 2 December 31 Prepaid Rent 3 December 31 Supplies Expense Supplies 4 December 31 Deferred Revenue Service Revenue 5,300 5,300