20 Required information 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 $20,000 Credits 8,000 4,000 15,000 $ 5,000 7,500 25,000 9,500 $47,000 $47,000 The following is a summary of the transactions for the year: 1. March 2. May 12 Provide services to customers, $60,000, of which $21,000 is on account. 3. June 4. August 2 Collect on accounts receivable, $181000. 30 Issue shares of common stock in exchange for $6,000 cash. 1 Pay salaries of $7,500 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $13,000. 6. October 19 Purchase equipment for $8,000 cash. 7. December 30 Pay $1,100 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