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 , 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. Required information The following information applies to the questions displayed below] On January 1, 2024, Red Flash Photography had the following balances: Cash, \$17,000: Supplies, \$8,500, Land, \$65,000; Deferred Revenue, \$5.500; Common Stock \$55,000; and Retained Earnings, \$30,000. During 2024, the company had the following transactions: 1. Febeuary is Issue odditional shares af cormon stock, \$25, 008. 2. Woy 20 Provide services to custoeers foe cash, $40,000, and on account, $35,000. 4. Octoher 1 purchase rental space for one year, 517,000. 6. Decenber so Pay dividends, $2,500. The following information is avaltable on December 31, 2024 : 1. Employees are owed an additionat $4,500 in salarles. 2. Three months of the rental space have expired. 3. Supplies of $5,500 remain on hand. All other supples have been used. 4. All of the services assoctated with the begining deferted revenue have been performed. 2. Record the adjusting entries at the end of the year. (If no entry is required for o transoction/event, select "No Journal Entry Required" in the first occount field. Do not round intermediote colculations.) Journal entry worksheet On December 31 , supplies of $5,500 remain on hand. Record the adjusting entry for supplies on December 31 . Note: Enter debits before credits. Journal entry worksheet On December 31 , employees are owed an additional $4,500 in salaries. Record the adjusting entry for salaries on December 31. Note: Enter debits before credits