On January 1, 2021, Red Flash Photography had the following balances: Cash, $26,000; Supplies, $9,400; Land, $74,000; Deferred Revenue, $6,400; Common Stock $64,000; and Retained Earnings, $39,000. During 2021, the company had the following transactions: ed 1. February 15 Issue additional shares of common stock, $34,000. 2. May 20 Provide services to customers for cash, $49,000, and on account, $44,000. 3. August 31 Pay salaries to employees for work in 2021, $37,000. 4. October 1 Purchase rental space for one year, $26,000. 5. November 17 Purchase supplies on account, $36,000. 6. December 30 Pay dividends, $3,400. The following information is available on December 31, 2021: 1. Employees are owed an additional $5,400 in salaries. 2. Three months of the rental space has expired. 3. Supplies of $6,400 remain on hand. 4. All of the services associated with the beginning deferred revenue have been performed. Requirement General Journal General Ledger Trial Balance Income Statement Statement of SE Balance 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.) No Date Account Title Debit Credit Cash 3,400 > 11 7 Dec 31 5,400 Salaries Expense Salaries Payable 5,400 8 Dec 31 6,800 x 3.05/5 points awarded Rent Expense Prepaid Rent 6,800 > Scored 9 Dec 31 39,000 Supplies Expense Supplies 39,000 eBook 10 Dec 31 Deferred Revenue 6,400 Print Service Revenue 6,400 References 11 Dec 31 6,400 x Service Revenue No Journal Entry Required x 0 X 12 Dec 31 x 6,800 x Rent Expense Salaries Expense Supplies Expense 42,400 39,000 13 Dec 31 Retained Earnings 3,400 Dividends 3,400