[The following information applies to the questions displayed below On January 1, 2018, Red Flash Photography had the following balances: Cash, $12,000; Supplies, $8,000; Land, $60,000; Deferred Revenue, $5,000; Common Stock $50,000, and Retained Earnings, $25,000. During 2018, the company had the following transactions: 1 February 15 Issue additional shares of common stock, $20,000. 2. May 20 Provide services to customers for cash, $35.000, and on account, $30,000. 3. August 31 Pay salaries to employees for work in 2018, $23,000. r17 D ental space for one yed 000 6. December 30 Pay dividends, $2,000. The following information is available on December 31, 2018: 1 Employees are owed an additional $4,000 in salaries. 2. Three months of the rental space has expired. 3. Supplies of $5,000 remain on hand. 4. All of the services associated with the beqinning deferred revenue have been performed. Record the issuance of additional shares of common 1 stock, $20,000. 2 Record the entry for services provided to customers for cash, $35,000, and on account, $30,000 3 Record the salaries paid to employees for work in 2018, $23,000 4 Record the purchase of rental space for one year, $12,000. 5 Record the purchase of supplies on account, $22,000 6 Record the payment of dividends, $2,000 Required: 1. Record the transactions that occurred during the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet > 1 2 3 4 5 Record the issuance of additional shares of common stock, $20,000. Note: Enter debits before credits. General Journal Transaction Debit Credit 1 Record entry View general journal Clear entry