Required information (The following information applies to the questions displayed below.] On January 1, 2021, Red Flash Photography had the following balances Cash, $30,000; Supplies. $9,800, Land, $78,000; Deferred Revenue, $6,800, Common Stock $68,000, and Retained Earnings. $43,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $38,000. 2. May 20 provide servicen to customers for canh, $53,000, and on account, $48,000. 3. August 31 Pay salaries to employees for work in 2021, $41,000. 4. October 1 Purchase rental space for one year, $30,000. 5. November 17 Purchase supplies on account, $40,000. 6. December 30 Pay dividends, $3,800. The following information is available on December 31, 2021: 1. Employees are owed an additional $5,800 in salaries. 2. Three months of the rental space has expired. 3. Supplies of $6,800 remain on hand. 4. All of the services associated with the beginning deferred revenue have been performed. 5. Prepare closing entries. (If no entry is required for a particular transaction/event, select "No Jornal Entry Required" in the first account field.) View transaction list View transaction list Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2021 $ 46,800 Salaries Expense Rent Expense Supplies Expense 7,500 4,300 Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2021 Record entry Clear entry View general Journal