Required information [The following information applies to the questions displayed below] On January 1, 2024, Red Flash Photography had the following balances: Cash, $27,000, Supplies, $9,500; Land, $75,000, Deferred Revenue, $6,500, Common Stock $65,000, and Retained Earnings, $40,000. During 2024, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $35,000. 2. May 20 3. August 31 4. October 1 5. November 17 6. December 30 Provide services to customers for cash, $50,000, and on account, $45,000. Pay salaries to employees for work in 2024, $38,000. Purchase rental space for one year, $27,000. Purchase supplies on account, $37,000. Pay dividends, $3,500. The following information is available on December 31, 2024 1. Employees are owed an additional $5,500 in salaries 2. Three months of the rental space have expired. 3. Supplies of $6,500 remain on hand. All other supplies have been used 4. All of the services associated with the beginning deferred revenue have been performed. Journal entry worksheet art 2 of 51