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1. March 12 2. May 2 3. June 30 4. August 1 5. September 25 6. October 19 Pay repairs and maintenance expenses, $13,000.

1. March 12 2. May 2 3. June 30 4. August 1 5. September 25 6. October 19 Pay repairs and maintenance

Record the entry to close the dividends account. Note: Enter debits before credits. Date December 31, 2024

Record the entry to close the expense accounts. Note: Enter debits before credits. Date December 31, 2024

Record the entry to close the revenue accounts. Note: Enter debits before credits. Date December 31, 2024

Beginning Balance Ending Balance Ending Balance Beginning Balance Ending Balance Debit Beginning Balance

1. March 12 2. May 2 3. June 30 4. August 1 5. September 25 6. October 19 Pay repairs and maintenance expenses, $13,000. Purchase equipment for $8,000 cash. 7. December 30 Pay $1,100 cash dividends to stockholders. Provide services to customers, $60,000, of which $21,800 is on account. Collect on accounts receivable, $18,000. Required: 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. Issue shares of common stock in exchange for $6,000 cash. Pay salaries of $7,500 from 2023 (prior year). 3. Record adjusting entries. Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $5,000. Office supplies remaining on hand at the end of the year equal $1,200. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2024. 8-b. Prepare the classified balance sheet for the year ended December 31, 2024. 9. Record closing entries. 1., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 11. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Accounts Req 2 Req 4 Prepare a post-closing trial balance. Totals Req 5 Req 7 RED STORM CLEANERS Post-Closing Trial Balance December 31, 2024 S Req 8A Debit 0 S Req 8B Credit 0 Req 9 Req 1 and 3 and 6 and 10 Reg 11 Record the entry to close the dividends account. Note: Enter debits before credits. Date December 31, 2024 Record entry General Journal Clear entry Debit Credit View general journal Record the entry to close the expense accounts. Note: Enter debits before credits. Date December 31, 2024 Record entry General Journal Clear entry Debit Credit View general journal Record the entry to close the revenue accounts. Note: Enter debits before credits. Date December 31, 2024 Record entry General Journal Clear entry Debit Credit View general journal Beginning Balance Ending Balance Ending Balance Beginning Balance Ending Balance Debit Beginning Balance Ending Balance Debit Ending Balance Beginning Balance Debit Ending Balance Debit Beginning Balance Ending Balance Debit Beginning Balance Debit Debit Beginning Balance Cach Suppliec Accumulated Depreciation Common Book Service Revenue Balaries Expense Depreciation Expense Credit Credit Credit Credit Credit Credit Credit Beginning Balance Ending Balance Ending Balance Beginning Balance Ending Balance Debit Beginning Balance Ending Balance Debit Ending Balance Beginning Balance Debit Ending Balance Dabit Beginning Balance Ending Balance Debit Beginning Balance Debit Debit Beginning Balance Accounts Receivable Equipment Salaries Payable Retained Earnings Dividends Credit Bupplies Expence Credit Credit Repairs and Maintenance Expence Credit Credit Credit Credit 0 1. March 12 2. May 2 3. June 30 4. August 1 5. September 25 6. October 19 Pay repairs and maintenance expenses, $13,000. Purchase equipment for $8,000 cash. 7. December 30 Pay $1,100 cash dividends to stockholders. Provide services to customers, $60,000, of which $21,800 is on account. Collect on accounts receivable, $18,000. Required: 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. Issue shares of common stock in exchange for $6,000 cash. Pay salaries of $7,500 from 2023 (prior year). 3. Record adjusting entries. Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $5,000. Office supplies remaining on hand at the end of the year equal $1,200. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2024. 8-b. Prepare the classified balance sheet for the year ended December 31, 2024. 9. Record closing entries. 1., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 11. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Accounts Req 2 Req 4 Prepare a post-closing trial balance. Totals Req 5 Req 7 RED STORM CLEANERS Post-Closing Trial Balance December 31, 2024 S Req 8A Debit 0 S Req 8B Credit 0 Req 9 Req 1 and 3 and 6 and 10 Reg 11 Record the entry to close the dividends account. Note: Enter debits before credits. Date December 31, 2024 Record entry General Journal Clear entry Debit Credit View general journal Record the entry to close the expense accounts. Note: Enter debits before credits. Date December 31, 2024 Record entry General Journal Clear entry Debit Credit View general journal Record the entry to close the revenue accounts. Note: Enter debits before credits. Date December 31, 2024 Record entry General Journal Clear entry Debit Credit View general journal Beginning Balance Ending Balance Ending Balance Beginning Balance Ending Balance Debit Beginning Balance Ending Balance Debit Ending Balance Beginning Balance Debit Ending Balance Debit Beginning Balance Ending Balance Debit Beginning Balance Debit Debit Beginning Balance Cach Suppliec Accumulated Depreciation Common Book Service Revenue Balaries Expense Depreciation Expense Credit Credit Credit Credit Credit Credit Credit Beginning Balance Ending Balance Ending Balance Beginning Balance Ending Balance Debit Beginning Balance Ending Balance Debit Ending Balance Beginning Balance Debit Ending Balance Dabit Beginning Balance Ending Balance Debit Beginning Balance Debit Debit Beginning Balance Accounts Receivable Equipment Salaries Payable Retained Earnings Dividends Credit Bupplies Expence Credit Credit Repairs and Maintenance Expence Credit Credit Credit Credit 0

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