Required information [The following information applies to the questions displayed below.] On January 1, 2021, Red Flash Photography had the following balances: Cash, $28,000; Supplies, $9,600; Land, $76,000; Deferred Revenue, $6,600; Common Stock $66,000; and Retained Earnings, $41,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $36,000. 2. May 20 Provide services to customers for cash, $51,000, and on account, $46,000. 3. August 31 Pay salaries to employees for work in 2021, $39,000. 4. October 1 Purchase rental space for one year, $28,000. 5. November 17 Purchase supplies on account, $38,000. 6. December 30 Pay dividends, $3,600. The following information is available on December 31, 2021: 1. Employees are owed an additional $5,600 in salaries. 2. Three months of the rental space has expired. 3. Supplies of $6,600 remain on hand. 4. All of the services associated with the beginning deferred revenue have been performed. Journal entry worksheet > 1 2 3 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 Record the entry to close the expense accounts. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit Record entry Clear entry View general journal 5. Prepare closing entries. (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 < 1 2 3 Record the entry to close the dividends account. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit Record entry Clear entry View general journal >