Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals Debits Credits $19,500 7,900 3,900 14,500 $ 4,800 6,800 24,500 9,700 $45,800 $45,800 The following is a summary of the transactions for the year: 1. March 2. May 3. June 4. August 12 Provide services to customers, $59,000, of which $20,900 is on account. 2 Collect on accounts receivable, $17,900. 30 Issue shares of common stock in exchange for $5,000 cash. 1 Pay salaries of $6,800 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $12,900. 6. October 19 Purchase equipment for $7,900 cash. 7. December 30 Pay $1,000 cash dividends to stockholders. 7. Prepare an adjusted trial balance. Accounts Cash Accounts Receivable Supplies Equipment Answer is complete but not entirely correct. RED STORM CLEANERS Adjusted Trial Balance December 31, 2021 Debit Credit S 51,900 10,900 2,900 22,400 9,700 20,100 29,500 9,700 1,000 Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Repairs and Maintenance Expense Depreciation Expense Supplies Expense Totals 59,000 20,100 x 12,900 4,900 1,000 S 128,000 S 128,000