5. September 25 Pay repairs and maintenance expenses, $12,700. 6. October 19 Purchase equipment for $7,700 cash 7. December 30 Pay $1,100 cash dividends to stockholders. Problem 3-8A Part 9 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No journal entry required" in the fi account field.) No Date General Journal Debit Credit 1 December 31, 202 Service Revenue 57,000 Service Revenue 57,000 2 December 31, 202 Repairs and Maintenance Expense 39,500 Depreciation Expense Repairs and Maintenance Expense Supplies Expense Salaries Expense @ 0000 4,700 12,700 2,500 19,600 3 December 31, 202 Dividends 1,100 Dividends 1,100 arch Seved You received partial credit in the previous attempt. 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: Credits Debits $18,500 7,700 3,700 13,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 4,400 6,400 23,500 9,100 $43,400 $43,400 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $57,000, of which $20,700 is on account. 2. May 2 Collect on accounts receivable, $17,700. 3. June 30 Issue shares of common stock in exchange for $6,000 cash. 4. August 1 Pay salaries of $6,400 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $12,700. 6. October 19 Purchase equipment for $7,700 cash. 7. December 30 Pay $1,100 cash dividends to stockholders. Problem 3-8A Part 9