i need help with journal entry 1-4
Exercise 3-20 (Algo) Record transactions and prepare adjusting entries, ddjusted trial balance, financial statements, and closing entries (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.] On January 1, 2024, Red Flash Photography had the following balances; Cash, $13,000 : Supplies, $8,100 : Land, $61,000; Deferred Revenue, $5,100; Common Stock $51,000; and Retained Earnings, $26,000. During 2024, the company had the following transactions: 1. February 15 Issue additional shares of comnon btock, $21,000. 2. May 20 Provide eervices to eustomera for cash, $36,000, and on account, $31, 000. 3. Nuqunt 31 Pay salaries to employeed for work in 2024, $24,000. 4. Oetober 1 Purehase rental space for one year, $13,000. 5. November 17 Purchase supplies on account, $23,000. 6. Docember 30 Pay dividendis, $2,100. The following information is avaliable on December 31, 2024: 1. Employees are owed an additional $4,100 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $5,100 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. xercise 3-20 (Algo) Part 2 Record the adjusting entries at the end of the year. (If no entry is required for a transaction/event, select "No Journal Entry equired" in the first account field. Do not round intermediate calculations.) Journal entry worksheet On December 31 , employees are owed an additional $4,100 in salaries. Record the adjusting entry for salaries on December 31 . Note: Enter debits before credits. 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. Journal entry worksheet On December 31 , supplies of $5,100 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