Required information [The following information applies to the questions displayed below.] On January 1, 2024, Red Flash Photography had the following balances: Cash, $31,000; Supplies, $9,900; Land, $79,000; Deferred Revenue, $6,900; Common Stock $69,000; and Retained Earnings, $44,000. During 2024, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $39,000. 2. May 20 Provide services to customers for cash, $54,000, and on account, $49,000. 3. August 31 Pay salaries to employees for work in 2624,$42,060. 4. Dctober 1 Purchase rental space for one year, $31,000. 5. November 17 Purchase supplies on account, \$41, b.e0. 6. December 30 Pay dividends, $3,900. The following information is available on December 31, 2024: 1. Employees are owed an additional $5,900 in salaries. 2. Three months of the rental space have expired. 3. Supplies of $6,900 remain on hand. All other supplies have been used. 4. All of the services associated with the beginning deferred revenue have been performed. . Prepare closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first ccount field.) Journal entry worksheet 5. Prepare closing entries; (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the entry to close the revenue accounts. Notet Enter debas belore credits