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Check my work Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: of 8 Cr Debits
Check my work Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: of 8 Cr Debits $10,500 6,100 2,100 19,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals 6,800 9,300 15,500 6,600 $38,200 $38,200 nces The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $41,000, of which $19,100 is on account. 2. May 2 Collect on accounts receivable, $16,100. 3. June 30 Issue shares of common stock in exchange for $6,000 cash. 4. August 1 Pay salaries of $9,300 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,100. 6. October 19 Purchase equipment for $6,100 cash. 7. December 30 Pay $1,100 cash dividends to stockholders. Required: 1., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. Cash Accounts Receivable ULAH WUR Required information Accounts Receivable Cash 10,500 Beg. Bal. + Beg. Bal. March 12 May 02 June 30 6,000| End. Bal. 16,500 End. Bal. 0 Supplies 2,100 Beg. Bal. Beg. Bal. October 19 Equipment 19,500 6,1001 1,000 End. Bal. 1,100 End. Bal. 25,600 Accumulated Depreciation Salaries Payable Beg. Bal. Beg. Bal. August 01 9,300 9,300 August 01 End. Bal. End. Bal. Common Stock Retained Earnings MacBook Air
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