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Required information

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ 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 $2024,$ the company had the following transactions:

February $15$ Issue additional shares of common stock, $$34,000.$

May $20$ Provide services to customers for cash, $$49,000,$ and on account, $$44,000.$

August $31$ Pay salaries to employees for work in $2024,$$$37,000.$

October $1$ Purchase rental space for one year, $$26,000.$

November $17$ Purchase supplies on account, $$36,000.$

December $30$ Pay dividends, $$3,400.$

The following information is available on December $31,2024$ :

Employees are owed an additional $$5,400$ in salaries.

Three months of the rental space have expired.

Supplies of $$6,400$ remain on hand. All other supplies have been used.

All of the services associated with the beginning deferred revenue have been performed.

Required:

Record the transactions that occurred during the year. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$