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 2. May 3. June 4. August 5. September 6. October 7. December 12. Provide services to customers, $53,000, of which $20,300 is on account. 2 Collect on accounts receivable, $17,300. 30 Issue shares of common stock in exchange for $5,000 cash. 1 Pay salaries of $5,600 from 2020 (prior year). 25 Pay repairs and maintenance expenses, $12,300. 19 Purchase equipment for $7,300 cash. 30 Pay $1,000 cash dividends to stockholders. Problem 3-8A Parts 1, 3, 6 and 10