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.) Account Title Credit No 1 Date Feb 15 Debit 24,000 Cash Common Stock 24,000 2 May 20 Cash Accounts Receivable Service Revenue 39,000 34,000 73,000 3 Aug 31 27,000 Salaries Expense Cash 27,000 4 Oct 01 16,000 Prepaid Rent Cash 16,000 5 Nov 17 26,000 Supplies Accounts Payable 26,000 6 Dec 30 2,400 Dividends Cash SS SS SS SS SS SS SS SS SS SS SS 2,400 7 Dec 31 4,400 Salaries Expense Salaries Payable 4,400 8 Dec 31 4,000 Rent Expense Prepaid Rent 4,000 9 Dec 31 34,400x Supplies Expense Supplies 34,400 10 Dec 31 5,400 Deferred Revenue Service Revenue 5,400 11 Dec 31 Service Revenue 5,400X 12 Dec 31 x Supplies Expense Rent Expense Salaries Expense 26,000 4,000x 4,400x 13 Dec 31 Dividends Payable X 2,400 On January 1, 2021, Red Flash Photography had the following balances: Cash, $16,000; Supplies, $8,400; Land, $64,000; Deferred Revenue, $5,400; Common Stock $54,000; and Retained Earnings, $29,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $24,000. 2. May 20 Provide services to customers for cash, $39,000, and on account, $34,000. 3. August 31 Pay salaries to employees for work in 2021, $27,000. 4. October 1 Purchase rental space for one year, $16,000. 5. November 17 Purchase supplies on account, $26,000. 6. December 30 Pay dividends, $2,400. The following information is available on December 31, 2021: 1. Employees are owed an additional $4,400 in salaries. 2. Three months of the rental space has expired. 3. Supplies of $5,400 remain on hand. 4. All of the services associated with the beginning deferred revenue have been performed