1. Record each of the summary transactions above using a journal entry worksheet

2. Prepare an unadjusted trial balance

3. Record adjusted entries using a journal entry worksheet

4. Prepare an adjusted trial balance

5. Prepare the income statement for the year ended December 31, 2018.

6. Prepare the classified balance sheet for the year ended December 31, 2018.

7. Record closing entries.

The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Debits S 19,500 7,900 3,900 14,500 Credits S 4,800 6.800 24,500 9,700 Totals $45,800 $45,800 The following is a summary of the transactions for the year a. March 12 Provide services to customers, $59,000, of which $20,900 is on account. b. May 2 Collect on accounts receivable, $17,900. c. June 30 Issue shares of common stock in exchange for $5,000 cash. d. August 1 Pay salaries, $25,900 (of which $6,800 is for salaries payable in 2017). e September 25 Pay repairs and maintenance expenses, $12,900 f October 19 Purchase equipment for $7,900 cash. g. December 30 Pay $1,000 cash dividends to stockholders h. Accrued salaries at year-end amounted to $1,000. Depreciation for the year on the equipment is $4,900. Office supplies remaining on hand at the end of the year equal $1,000