On January 1, 2021, Red Flash Photography had the following balances: Cash, $32,000: Supplies, $10,000; Land, $80,000; Deferred Revenue, $7,000; Common Stock $70,000; and Retained Earnings, $45,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $40,000. 2. May 3. August Provide services to customers for cash, $55,000, and on account, $50,000. 20 31 Pay salaries to employees for work in 2021, $43,000. Purchase rental space for one year, $32,000. 4. October 1 5. November 17 Purchase supplies on account, $42,000. 6. December 30 Pay dividends, $4,000. The following information is available on December 31, 2021: 1. Employees are owed an additional $6,000 in salaries 2. Three months of the rental space has expired. 3. Supplies of $7,000 remain on hand. 4. All of the services associated with the beginning deferred revenue have been performed. Require... General General Trial Income Statem... Balance Journal Ledger Balance Statem... of SE Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 13 > Record the issuance of additional shares of common stock, $40,000. Note: Enter debits before credits. Date Feb 15 Account Title Debit Credit Record entry Clear entry View general journal