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Please help with the journal entry for the transactions 1-7. Thank you so much! The general ledger of Red Storm Cleaners at January 1, 2021,
Please help with the journal entry for the transactions 1-7. Thank you so much!
The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances Credits Debits $11,000 6,200 2.280 19,00 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 6,600 9,100 16,00 6,700 $38,400 $38,400 The following is a summary of the transactions for the year 1. March 12 Provide services to customers, 542,000, 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 56,200 cash 7. December 30 Pay $1,000 cash dividends to stockholders. The following information is available for the adjusting entries Accrued salaries at year-end amounted to $16.100 Depreciation for the year on the equipment is $3,200 Office supplies remaining on hand at the end of the year equal $1,200 Trial Balance Balance Sheet Statement General General Requirement Income Journal Ledger Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 13 Record the providing of services to customers, $42,000, of which $19,200 is on account Journal entry worksheet 1 2 3 4 5 6 7 8 13 > ..... Record the providing of services to customers, $42,000, of which $19,200 is on account. Note: Enter debits before credits. General Journal Date March 12 Debit Credit Step by Step Solution
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