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Check my work mode: This shows what is correct or incorrect for the work you 14 Required information Problem 3-8A Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Part 6 of 8 10 counts Cash Accounts Receivable Debits Credits $20,000 8, 009 4,800 15,000 Equipment Accumulated Depreciation Salaries Payable Common Stock 5,008 7,500 25,800 9,500 Totals 547,000 $47,e00 The following is a summary of the transactions for the year 1. March 12 Provide services to customers, $6e, e00, of which $21,e00 is on account. 2. May 3. June 4. August 5. September 25 Pay repairs and maintenance expenses, $13,0ee 6. October 19 Purchase equipment for $8,000 cash 7. December 38 Pay $1,108 cash dividends to stockholders. 2 Collect on accounts receivable, $18,000 3e Issue shares of conmon stock in exchange for $6,e00 cash. 1 Pay salaries of $7,500 from 2820 (prior year). Problem 3-8A Part 9 Problem 3-8A Part 9 account field.) No al r 31, 202 No Tr 3 1,100 K Prey 14 15 16 of 16 Check my work mode : This shows whast is comect or incorrect for the work you have co 14 Ope Required information Problem 3-8A Complete the full eccounting cycle (LO3-3, 3.4. 3.5, 3.6, 37) The genera ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances 10 oms Gebits Credits Supplies 15,00 s 5,000 Accunulated Depreciotion Salaries Payable ketalned Earnings 47,$47,906 The folowing is a sammary of the transactions for the year . Harch12 Pravide services to customers, s., of ahich $24,000is oneccount. 2 'Collect on accaunts 4. August 1 ,ay satarlet af %7,500 fro, 2029 (per 5. September 25 Pay repairs and meintenance esgenses, 513.00 6. Octobe 39 Purchase equipment for 8,eed cars, 7. Deceeber " Pay $1,100 c.sh dividese to stockhald ri. Problem 3-8A Part 9 9. Record dosing entries o no entry is required for a particuler transacsion event, select "No journal entry required" in the first account field.) 0 Answer is not complete. 2 December 31, 22 Ne Transacion Recarded 1,0 1,101 Prev 14 15 16 of 16