8 ! Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Part 8 of 8 5 points Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Debits Credits $10,000 6,000 2,000 20,000 $ 7,000 9,500 15,000 6,500 $38,000 $38,000 Totals The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $40,000, of which $19,000 is on account. 2. May 2 Collect on accounts receivable, $16,000. 3. June 30 Issue shares of common stock in exchange for $6,000 cash. 4. August 1 Pay salaries of $9,500 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,000. 6. October 19 Purchase equipment for $6,000 cash. 7. December 30 Pay $1,200 cash dividends to stockholders. 11. Prepare a post-closing trial balance. Answer is not complete. Credit RED STORM CLEANERS Post-Closing Trial Balance December 31, 2021 Accounts Debit Cash $ 25,300 Accounts Receivable 9,000 Supplies 1,000 Equipment 26,000 Accumulated Depreciation Salaries Payable Common Stock Retained Earnings $ 10,000 19,700 21,000 Totals $ 61,300 $ 50,700