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Can't figure out the salaries payable or retained earnings? Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following
Can't figure out the salaries payable or retained earnings? Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals Debits $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 stockholdeen. 4. Prepare an unadjusted trial balance. RED STORM CLEANERS Unadjusted Trial Balance December 31, 2021 Debit 45,300 Accounts Credit Cash Acct Cycle Proj. (NOT a hw that can be dropped) Saved Check my work mode : This shows what is correct or incorrect for the work you have completed 2 5. September 25 Pay repairs and maintenance expenses, $12,300. 6. October 19 Purchase equipment for 57,300 cash. 7. December 30 Pay $1,000 cash dividends to stockholders. Part 2 of 8 4. Prepare an unadjusted trial balance. 6 points Answer is not complete. RED STORM CLEANERS Unadjusted Trial Balance December 31, 2021 Accounts Debit Credit Cash 45.300 Accounts Receivable 10,300 Supplies 3.300 Equipment 18.800 Accumulated Depreciation $ 3.600 Salaries Payable 5,600 Common Stock 28,500 Retained Emine 42,000 Dividends Service Revenue Salaries Expense Repairs and Maintenance Expense Depreciation Experte Supplies Expense Totals $ 7.700 5 77.700 Me Gram esc G Search or type URL # 3 $ 2 4 % 5 a> 7 8 Q W E R T T Y U 1
Can't figure out the salaries payable or retained earnings?
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