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Please answer these blank question with following questions Thanks you The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account
Please answer these blank question with following questions
Thanks you
The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Debits Credits $14,500 6,900 2,900 15,500 $ 5,200 7,700 19,500 7,400 $39,800 $39, 800 Totals The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $49,000, of which $19,900 is on account 2. May 3. June 4. August1 Pay salaries of $7,700 from 2020 (prior year) 5. September 25 Pay repairs and maintenance expenses, $11,900 6. October 19 Purchase equipment for $6,900 cash 7. December 30 Pay $1,200 cash dividends to stockholders 2 Col lect on accounts receivable, $16,900 30 Issue shares of common stock in exchange for $4,000 cash The following information is available for the adjusting entries Accrued salaries at year-end amounted to $18,400. Depreciation for the year on the equipment is $3,900. Office supplies remaining on hand at the end of the year equal $1,100 Journal entry worksheet 12 3 5 6 78 13 Record the providing of services to customers, $49,000, of which $19,900 is on account. Note: Enter debits before credits. Date General Journal Debit Credit March 12 Record entry Clear entry View general journal Requirement General Ledger> will appear for each account, based on your selection. Unadjusted Red Storm Cleaners Income Statement For the Year Ended December 31, 2021 Revenues Total Revenues Expenses: Total Expenses KTrial Balance Balance Sheet> General Journal General Ledger Trial Balance Statement ncome Requirement The balance sheet is the accounting equation: Assets Liabilities Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection Unadjusted 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 Total Stockholders' Equity 01 Total Liabilities and Stockholders' Equity Total AssetsStep by Step Solution
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