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I need hep with the Income Statement and the Balance Sheet cycle - General Ledger - 10e i Saved Help Save & Exit Su The

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cycle - General Ledger - 10e i Saved Help Save & Exit Su The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $12,000 6,400 2,400 18,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 6,200 8,700 17,000 6,900 $38,800 $38,800 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $44,000, of which $19,400 is on account. 2. May 2 Collect on accounts receivable, $16,400. 3. June 30 Issue shares of common stock in exchange for $6,000 cash. 4. August 1 Pay salaries of $8,700 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses $11.400 6. October 19 Purchase equipment for $6,400 cash. 7. December 30 Pay $1,100 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $16,800. Depreciation for the year on the equipment is $3,400. Office supplies remaining on hand at the end of the year equal $1,000. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Choose the annrenriate accounts to be reported on the income statement. The unadiusted. adiusted, or nest-cinsina balances Praw 2012 m aart on hand at the end of the year equal $1,000. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet The ending balance values from the General Ledger tab flows through to the Trial Balance below. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Post-closing - Red Storm Cleaners Trial Balance December 31, 2021 Account Title Credit Cash Debit 31,400 9,400 1.000 24.400 Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable - Common Stock Retained Earnings Total 9,600 16,800 23,000 16,800 66,200 66,200 $ LEGILEUSE Help Save & Exit Sub Accrued salaries at year-end amounted to $16,800. Depreciation for the year on the equipment is $3,400. Office supplies remaining on hand at the end of the year equal $1,000. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Post-closing Red Storm Cleaners Income Statement For the Year Ended December 31, 2021 Revenues: Service Revenue Total Revenues Expenses: Total Expenses The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is reported separate balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection, Post-closing- Red Storm Cleaners Balance Sheet December 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Total Current Liabilities Stockholders' Equity Total Current Assets Long-term Assets: 0 Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity Total Assets S ( Income Statement Balance Sheet>

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