Chpt 3 Homework 5 Part 1 of 5 0.61 points Skipped References Mc Graw O Required information [The following information applies to the questions displayed below.] Saved 1. February 15 2. May 20 3. August 31 4. October 1 5. November 17 6. December 30 On January 1, 2024, Red Flash Photography had the following balances: Cash, $23,000; Supplies, $9,100; Land, $71,000; Deferred Revenue, $6,100; Common Stock $61,000; and Retained Earnings, $36,000. During 2024, the company had the following transactions: Issue additional shares of common stock, $31,000. Provide services to customers for cash, $46,000, and on account, $41,000. Pay salaries to employees for work in 2024, $34,000. Purchase rental space for one year, $23,000. Purchase supplies on account, $33,000. Pay dividends, $3,100. The following information is available on December 31, 2024: 1. Employees are owed an additional $5,100 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $6,100 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. Help Save & Exit Submit www Check my work Required: 1. Record the transactions that occurred during the year. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) 1

Required information [The following information applies to the questians disployed below] On January 1, 2024, Red Flash Photography had the following balances: Cash, \$23.000; Supplies, \$9,100: Land, \$71.000, Deferred Revenue, \$6,100; Common Stock \$61,000; and Retained Eamings, \$36,000, During 2024, the company had the following transactions: 1. February as 2. May 20 3. Nagent 31 4. Detaber 1 5. Soveatier 17 6. Decenber 39 1 Tonve additional shares of coeven stock, \$31, 800 . Provide services to cuatomera for casa, $46,000, and on account, $41,000. Pay calaries to eeployeed for mork in 2024,534,000. Durchase reatal space for one year, $23,000. Purchase supplies on account, $33,000. Pay dividends. 53,100 . The following information is available on Decembet 31,2024 : 1. Employees are owed an additional $5,100 in salaries. 2. Three months of the rental space have expired 3. Supplies of $6,100 remsin on hand. All other supples have been used 4. Alt of the services associated with the beginning deferred revenue have been performed. Required: 2. Record the transactions that occurred during the year of no entry is required for a particular transaction/ovent, select "No Journal Entry Required in the first account field.)