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I just need help on the ones I got wrong... I'm not sure what I did incorrect. Required information The general ledger of Red Storm

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I just need help on the ones I got wrong... I'm not sure what I did incorrect.

Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $11,000 6,200 2,200 19,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 6,600 9,100 16,000 6,700 $38,400 $38,400 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $ 42,000, of which $19,200 is on account. 2. May 2 Collect on accounts receivable, $16,200. 3. June 30 Issue shares of common stock in exchange for $5,000 cash. 4. August 1 Pay salaries of $9,100 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,200. 6. October 19 Purchase equipment for $6,200 cash. 7. December 30 Pay $1,000 cash dividends to stockholders. 2. Record each of the summary transactions listed above. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) 1 March 12 Cash 22,800 19,200 Accounts Receivable Service Revenue 42,000 N May 02 Cash 16,200 Accounts Receivable 16,200 3 June 30 5,000 Cash Common Stock 5,000 4 August 01 Salaries Expense Salaries Payable Cash 15,100 X 9,100 24,200 5 September 25 11,200 Repairs and Maintenance Expense Cash 11,200 6 October 19 Equipment 6,200 Cash 6,200 7 December 30 Dividends 1,000 Cash 1,000 7. Prepare an adjusted trial balance. Answer is complete but not entirely correct. RED STORM CLEANERS Adjusted Trial Balance December 31, 2021 Accounts Debit Credit Cash 12,400 Accounts Receivable 9,200 Supplies 1,200 Equipment 25,200 Accumulated Depreciation 9,800 Salaries Payable 1,000 Common Stock 21,000 Retained Earnings 6,700 Dividends 1,000 Service Revenue 42,000 Salaries Expense 16,100 % Repairs and Maintenance Expense 11,200 Depreciation Expense 3,200 Supplies Expense 1,000 Totals $ 80,500 80,500 $ 4. Prepare an unadjusted trial balance. Answer is complete but not entirely correct. RED STORM CLEANERS Unadjusted Trial Balance December 31, 2021 Accounts Debit Credit Cash $ 12,400 Accounts Receivable 9,200 Supplies 2,200 Equipment 25,200 Accumulated Depreciation 6,600 Salaries Payable Common Stock 21,000 Retained Earnings 6,700 Dividends 1,000 Service Revenue 42,000 Salaries Expense 15,100 % Repairs and Maintenance Expense 11,200 Depreciation Expense Supplies Expense Totals $ 76,300 $ 76,300 $ 8-a. Prepare the income statement for the year ended December 31, 2021. Answer is complete but not entirely correct. RED STORM CLEANERS Income Statement For the Year Ended December 31, 2021 Service Revenue $ 42,000 Expenses: Salaries Expense Repairs and Maintenance Expense Depreciation Expense Supplies Expense 16,100 11,200 3,200 1,000 Total expenses Net Income 31,500 $ 10,500 8-b. Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) Answer is complete but not entirely correct. RED STORM CLEANERS Balance Sheet December 31, 2021 Assets Liabilities Current Assets: Cash $ $ 1,000 X Accounts Receivable Supplies OO Current Liabilities: 12,400 X Salaries Payable 9,200 1,200 Stockholders' Equity 22,800 Common Stock Retained Earnings 25,200 (9,800) Total Stockholders' Equity 38,200 Total Liabilities and Stockholders' Equity Total Current Assets Long-term assets: Equipment Accumulated Depreciation 21,000 16,200 X 37,200 Total Assets $ $ 38,200 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No Date General Journal Debit Credit 1 December 31, 202 Service Revenue 42,000 Retained Earnings 42,000 2 December 31, 202 Retained Earnings 11,200 X Repairs and Maintenance Expense 11,200 3 December 31, 202 Retained Earnings 1,000 Dividends 1,000

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