On December 31, three months of the rental space have expired. Record the adjusting entry for rent on December 31.

Required information [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 common stock, $21,000. 2. May 20 Provide services to customers for cash, $36,000, and on account, $31,000. 3. August 31 Pay salaries to employees for work in 2024, $24,000. 4. October 1 Purchase rental space for one year, $13,000. 5. November 17 Purchase supplies on account, $23,000. 6. December 30 Pay dividends, $2,100. The following information is available 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. Note: Efiter dedis derire ciedits