please solve and explain

On January 1,2021, Red Flash Photography had the following balances Cash, \$15,000, Supplies, \$8,300, Land, \$63,000, Defetred Revenue, $5,300, Cammon Stock $53,000, and Retained Earntings. $28,000. Dunng 2021, the company had the following transactions 1. February 15 Is sue addifional shares of comon stock, $23,000. 2. May 20 Provide services to custorers for cash, 538,000 , and on account, $33,600. 3. Alatust 31 pay salaries to eaployees for work in 2021,526,600. 4. October 1 Paid fon one year's rent in advance, $15,600 5. Novenber 12 Purchase supplies an account, 525,000 . 6. Deceober 39 Pay dividends, 37, 100. The following information is available on December 31,2021 1. Employoes are owed an additional $4,300 in salaries 2 . Three months of the rental space has expired 3. Supplies of $5.300 remain on hand 4. All of the services associated with the beginning deferred revenue have beon performed. Prepore the journal entries for transactione, (If no entry is required for a partindar transoction/ event; select "No journal entry requited" in thor first account fleld.)