00 8 Pro 10. pos 4 Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Receivable Credit $15,000 7,000 Hopplies 3,000 Salaries Payable Alated Depreciation $3,000 3,000 Common Stock 20,000 Retained Earnings 7,000 $35,000 $35,000 The following is a summary of the transactions for the year 1. 4. Augu 6. October 7. December Collect an accounts receivable, $17,000. 12 Provide services to customers, $50,000, of which $20,000 is on account. 30 Issue shares of common stock in exchange for $5,000 cash. Pay salaries of $5,000 from 2020 (prior year). 19 Purchase equignest for $7,000. 30 Day $1,000 cash dividende to stockholders. journal entry required" in the first account field.) 2. Record each of the summary transactions listed above. (If no entry is required for a particular transaction/event, select "No N N Date 1 March 12 Cash Accounts Receivable 2 May 02 Accounts Receivable Cash June 30 Common Stock Ca General Journal Credit 30,000 30,000 17,000 17,000 5,000 5,000