On January 1, 2021, Red Flash Photography had the following balances: Cash, $12,000; Supplies, $8,000; Land, $60,000; Deferred Revenue, $5,000; Common Stock $50,000, and Retained Earnings, $25,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $20,000. 2. May 20 Provide services to customers for cash, $35,800, and on account, $30,eee. 3. August 31 Pay salaries to employees for work in 2021, $23,eee. 4. October 1 Paid for one year's rent in advance, $12, eee. 5. November 17 Purchase supplies on account, $22, eee. 6. December 30 Pay dividends, $2,000. The following Information is available on December 31, 2021: 1. Employees are owed an additional $4.000 in salaries. 2. Three months of the rental space has expired. 3. Supplies of $5,000 remain on hand. 4. All of the services associated with the beginning deferred revenue have been performed. Income Statement of Requirement General Journal General Ledger Trial Balance Balance Sheet Statement SE 1. Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab. 3. Review the adjusted Trial Balance' as of December 31, 2021. 4. Prepare an income statement for the year ended December 31, 2021, in the 'Income Statement' tab. 5. Prepare the statement of Stockholder's Equity for the year ended December 31, 2021, in the 'Income Statement' tab. 6. Prepare a classified balance sheet as of December 31, 2021 in the 'Balance Sheet' tab. 7. Record the closing entries in the 'General Journal' tab. Income Statement of Requirement General Journal General Ledger Trial Balance Balance Sheet Statement SE 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 Record the entry for services provided to customers for cash, $35,000, and on account, $30,000. Note: Enter debits before credits. Date Account Title Debit Credit May 20 Record entry Clear entry View general journal Statement of Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet SE 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 Record the salaries paid to employees for work in 2021, $23,000. Note: Enter debits before credits. Date Account Title Debit Credit Aug 31 Record entry Clear entry View general journal Income Statement of Requirement General Journal General Ledger Trial Balance Balance Sheet Statement SE 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 Record the payment of one year's rent in advance, $12,000. Note: Enter debits before credits. Date Account Title Debit Credit Oct 01 Record entry Clear entry View general journal 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.) View transaction list Journal entry worksheet Record the payment of dividends, $2,000. Note: Enter debits before credits. Date Account Title Debit Credit Dec 30 Record entry Clear entry View general journal Income Statement of Requirement General Journal General Ledger Trial Balance Balance Sheet Statement SE 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 Record the adjusting entry for supplies on December 31. Note: Enter debits before credits. Date Account Title Debit Credit Dec 31 Record entry Clear entry View general journal Income Statement of Requirement General Journal General Ledger Trial Balance Balance Sheet Statement SE 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 Record the adjusting entry for deferred revenue on December 31. Note: Enter debits before credits Date Account Title Debit Credit Dec 31 Record entry Clear entry View general journal Income Statement of Requirement General Journal General Ledger Trial Balance Balance Sheet Statement SE 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 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date Account Title Debit Credit Dec 31 Record entry Clear entry View general journal Income Statement of Requirement General Journal General Ledger Trial Balance Balance Sheet Statement SE 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 Record the entry to close the expense accounts. Note: Enter debits before credits. Date Account Title Debit Credit Dec 31 Record entry Clear entry View general journal Income Statement of Requirement General Journal General Ledger Trial Balance Balance Sheet Statement SE 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 Record the entry to close the dividends accounts. Note: Enter debits before credits. Date Account Title Debit Credit Dec 31 Record entry Clear entry View general journal