GL 2-12 (Algo) Complete the full accounting cycle ( LO2-3, 2-4, 2-5, 2-6, 2-7,2-8) The general ledger of Blue Highway Cleaners at January 1, 2024, includes the following account balances: The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $56,000, of which $20,600 is on account. 2. May 2 Collect on accounts receivable, $17,600. 3. June 30 Issue shares of common stock in exchange for $5,000 cash. 4. August 1 Pay salaries of $6,200 from 2023 (prior year). 5. September 25 Pay repairs and maintenance expenses, $12,600. 6. October 19 Purchase equipment for $7,600 cash. 7. December 30 Pay $1,600 cash dividends to stockholders. The following information is avallable for the adjusting entries. Accrued salaries at year-end amounted to $19,500. Depreciation for the year on the equipment is $4,600. Office supplies remaining on hand at the end of the year equal $1,000. Journal entry worksheet Record the adjusting entry for salaries, $19,500. Note: Enter debits before credits. Journal entry worksheet Record the adjusting entry for depreciation, $4,600. Note: Enter debits before credits. Journal entry worksheet 5 8 13 Office supplies remaining on hand at the end of the year equal $1,000. Record the adjusting entry. Note: Enter debits before credits. Journal entry worksheet 1 6 9 Record the entry to close the revenue accounts. Note: Enter debits before credits. Journal entry worksheet 1 6 9 Record the entry to close the expense accounts. Note: Enter debits before credits. Prepare the journal entries for transactions. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account fi Journal entry worksheet 1 6 8910 11 12 Record the entry to close the dividends account. Note: Enter debits before credits