I don't know what you mean by "Logs folder"; also there is no flashlog.txt file.
The install logs are in file FlashInstall.log (assuming that you are on Windows).
There should be logs that have information about the flash Player when the debug version is being used. The FlashInstall Log does not have anything in it when the Flash Player is being used. In earlier versions, there is a Flashlog.txt file that has the info inside a Logs folder, but I cannot find that file either.