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. Journal entry worksheet On December 31 , employees are owed an additional $5,700 in salaries. Record the adjusting entry for salaries 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, \$29,000; Supplies, \$9,700; Land, \$77,000; Deferred Revenue, $6,700; Common Stock $67,000; and Retained Earnings, $42,000. During 2024, the company had the following transactions: 1. February 15 Is sue additional shares of common stoek, $37,000. 2. May 20 Provide services to customers for cash, $52,000, and on account, $47,000. 3. August 31 pay salaries to employees for work in 2024,$40,000. 4. October 1 purchase rental upace for one year, $29,000. 5. November 17 Purchase supplies on account, $39,000. 5. December 30 Pay dividends, $3,700. The following information is avallable on December 31,2024 : 1. Employees are owed an additional $5,700 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $6,700 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. Journal entry worksheet On December 31 , supplies of $6,700 remain on hand. Record the adjusting entry for supplies 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, $29,000; Supplies, $9,700; Land, $77,000; Deferred Revenue, \$6,700; Common Stock \$67,000; and Retained Earnings, \$42,000. During 2024, the company had the following transactions: 1. February 15 Issuo additional shares of conmon stock, $37,000. 2. May 20 Provide services to customers for cash, $52,000, and on account, $47,000. 3. August 31 Pay salaries to employees for work in 2024,$40,000. 4. Oetober 1 purchase rental space for one year, $29,000. 5. November 27 purchase supplies on account, $39,000. 6. December 30 Pay dividends, $3,700. The following information is available on December 31, 2024: 1. Employees are owed an additional $5,700 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $6,700 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. 3. Prepare an adjusted trial balance
