Chapter 3 Assignment Saved 16 o 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: Part 8 of 8 10 points Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock $20,000 8,000 4,000 15,000 eBook Print References 5,000 7,500 25,000 500 $47,000 $47,000 Totals The following is a summary of the transactions for the year 1. March 12 Provido services to cuatomera, $60,000, of which $21,000 is on account. 2. Hay 3. June 4. August . September 25 Pay repairs and maintenance expenaes, $13,000 6. October 19 Purchase equipment for $8,000 cash. 7. December 30 Pay $1,100 cash dividenda to stockholders. 2 Collect on accounta receivable, $18,000. 30 Iasue shares of common stook in exchange for $6,000 cash. 1 Pay salaries of $7,500 from 2020 (prior year). Problem 3-8A Part 11 11. Prepare a post-closing trial balance.