! Required information Problem 3-8A Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $18,500 7,700 3, 700 13,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 4,400 6,400 23,500 9,100 $43,400 $43,400 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $57,000, of which $20,700 is on account. 2. May 2 Collect on accounts receivable, $17,700. 3. June 30 Issue shares of common stock in exchange for $6,000 cash. 4. August 1 Pay salaries of $6,400 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $12,700. 6. October 19 Purchase equipment for $7,700 cash. 7. December 30 Pay $1,100 cash dividends to stockholders. Problem 3-8A Parts 1, 3, 6 and 10 Required: 1 2 6 2 1n Poet the tranenrtinne artistinn entries and rineinn entriee to the T.arcnunte Rocure to include herinninn halanrae . . Required information 1., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. Cash Accounts Recevable Beg. Bal Beg Bal End. Bal. 0 End. Bal. 0 Supplies Equipment Beg. Bal Beg. Bal End. Bal. 0 End, Bal 0 Accumulated Depreciation Salaries Payable Beg. Bal Beg. Bal End. Bal 0 End. Bal. 0 Common Stock Retained Earnings Beg. Bal Beg. Bat. End. Bal. 0 End. Bal 0 Service Revenue Dividends Beg. Bal. Beg. Bat. End. Bal 0 End, Bal 0 Salaries Expense Repairs and Maintenance Expense Bog. Bal Beg. Bal End. Bal End. Bal. Depreciation Expense Supplies Expense Beg. Bal Beg Bal