On January 1, 2021, Red Flash Photography had the following balances: Cash, $22,000; Supplies, $9,000; Land, $70,000; Deferred Revenue, $6,000; Common Stock $60,000; and Retained Earnings, $35,000. During 2021, the company had the following transactions:

1.February15Issue additional shares of common stock, $30,000.

2.May20Provide services to customers for cash, $45,000, and on account, $40,000.

3.August31Pay salaries to employees for work in 2021, $33,000.

4.October1Purchase rental space for one year, $22,000.

5.November17Purchase supplies on account, $32,000.6.December30Pay dividends, $3,000.

The following information is available on December 31, 2021:

1. Employees are owed an additional $5,000 in salaries.
2. Three months of the rental space has expired.
3. Supplies of $6,000 remain on hand.
4. All of the services associated with the beginning deferred revenue have been performed.

Make closing entries.(If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. December 31, Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits. December 31, 2021 Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits. December 31