Requlred Informatlon

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

On January $1,2024,$ Red Flash Photography had the following balances: Cash, $$23,000$; Supplies, $$9,100$; Land, $$71,000$; Deferred Revenue, $$6,100$; Common Stock $$61,000$; and Retalned EarnIngs, $$36,000.$ During $2024,$ the company had the following transactions:

February $15$ Issue additional shares of common stock, $$31,000.$

May $20$ Provide services to customers for cash, $$46,000,$ and on account, $$41,000.$

August $31$ Pay salaries to employees for work in $2024,$$$34,000.$

October $1$ Purchase rental space for ane year, $$23,000.$

November $17$ Purchase supplies on account, $$33,090.$

December $30$ pay dividends, $$3,100.$

The following information Is avallable on December $31,2024$:

Employees are owed an additional $$5,100$ in salarles.

Three months of the rental space have explred.

Supplies of $$6,100$ remaln on hand. All other suppllies have been used,

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

Record the adjusting entrles at the end of the year. $($If no entry ls required for a transaction$/$event$,$ select $"$No Journal Entry Requlred" In the flrst account fleld. Do not round Intermedlate calculations.$)$

Journal entry worksheet

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On December $31,$ employees are owed an additional $$5,100$ in salaries. Record the adjusting entry for salaries on December $31.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$December $31,-,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

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