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 balanc The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, 453,000 , of which $20,300 is on account. 2. May 2 Collect on accounts receivable, $17,300. 3. June 30issue shares of common stock in exchange for $5,000cash. 4. August 1 Pay salaries of $5,600 from 2020 (prior year). 5. September 25 pay repairs and maintenance expenses, $12,300. 6. October 19 Purchase equipment for $7,300 cash. 7. December 30 Pay $1,000 cash dividends to stockholders. Problem 3-8A Part 9 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No journal entry required" in the account field.) Journal entry worksheet