The folowing information appies to the questions displayed below] On January 1,2018, Red Flash Photography had the following balances: Cash, $26,000, Supplies, $9,400 Land, $74,000, Deferred Reventue. $6,400, Common Stock $64,000; Retained Earnings, $39,000 During 2018 the company had the following transactions 1 February 15 issue acditional shares of common stock, 334000 2. May 20 Provide services to customers for cesh $49,000, and on account, $44,000 3. August 31 Pay searies to emplayees for work in 2018, $37000 October 1 Purchase rental space for one yeat $26,000 5. November 17 Purchase supplies on account 536,000 . December 30 Pay dvidends, $3.400 The following information is available on December 31, 2018 t Employees are owed an addtional 55.400 in salaries 2. Three months of the rental space has expired 3 Supplies of $6.400 remsin on hand 4. All of the services associated with the beginning defered reverue have been pertarmed 5. Prepare closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first acco View transaction list Journal entry worksheet 2 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date December 31 2018 General Journal Debit Credit Record entry Clear entry View general journal References eBook & Resources 1.00 points 5. Prepare closing entries Of no entry is required for a transactionvevent, select "No Jourmal Entry Required" in the first account field.) Journal entry worksheet Record the entry to close the expense accounts. debis before References look&Resources General Journal MacBook Pro Chapter 3 100 points . Prepare closing entries. f no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet Record the entry to close the dividends account. Note: Enber debits before credits. View general journal References Book & Resources General Journal MacBook Pro