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1st picture is full question, discard the comment The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts
1st picture is full question, discard the comment The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals Debits Credits $16,500 7,300 3,300 11,500 $ 3,600 5,600 21,500 7,900 $38,600 $38,600 The following is a summary of the transactions for the year 1. March 12 Provide services to customers, $53,000, of which $20,300 is on account. 2. May 2 Collect on accounts receivable, $17,300. 3. June 30 Issue shares of common stock in exchange for $5,000 cash. 4. August 1 Pay salaries of $5,600 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $12,300. 6. October 19 Purchase equipment for $7,300 cash. 7. December 30 pay $1,000 cash dividends to stockholders. Required: 1., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. Cash Accounts Receivable Beg Bal Beg Bal End. Bal 0 End. Bal 0 Supplies Equipment Beg Bal Beg. Bal End. Bal. End. Bal 0 Accumulated Depreciation Salaries Payablo Beg Bal Bog. Bal End. Bal 0 End. Bal 0 Common Stock Retained Earnings Beg. Bal Beg Bal. End. Bal. 0 End. Bal. 0 Service Revenue Dividends Beg. Bal Beg Bal End. Bal 0 End Bal 0 Salaries Expense Repairs and Maintenance Expenso Beg. Bal Beg. Bal. End. Bal 0 End. Bal. 0 Depreciation Expense SuppliestExpense Beg. Bal. Beg Bal. End. Bal. 0 End. Bal 0
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