Question: please just answer the three tables 30 Saved Help Save & Required information [The following information applies to the questions displayed below.] On January 1,
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30 Saved Help Save & Required information [The following information applies to the questions displayed below.] On January 1, 2021, 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 2021, 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 2021, $42,000. 4. October 1 Purchase rental space for one year, $31,000. 5. November 17 Purchase supplies on account, $41,000. 6. December 30 Pay dividends, $3,900. The following information is available on December 31, 2021: 1. Employees are owed an additional $5,900 in salaries, 2. Three months of the rental space has expired. 3. Supplies of $6,900 remain on hand. 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 fi ccount field.) BBB Next > 16 of 18 16 of 18 16
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