Required information [The following information applies to the questions displayed below.] The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances: Credits Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Debits $ 16,500 7,300 3,300 11.500 $ 3,600 5,600 21,500 7,900 ES Totals $38,600 $38,600 The following is a summary of the transactions for the year a. March 12 Provide services to customers, $53,000, of which $20,300 is on account. b. May 2 Collect on accounts receivable, $17,300. c. June 30 Issue shares of common stock in exchange for $5,000 cash, d. August 1 Pay salaries, $25,300 (of which $5,600 is for salaries payable in 2017). e. September 25 Pay repairs and maintenance expenses, $12,300. f. October 19 Purchase equipment for $7,300 cash. g. December 30 Pay $1.000 cash dividends to stockholders. h. Accrued salaries at year-end amounted to $1,000. Depreciation for the year on the equipment is $4,300. Office supplies remaining on hand at the end of the year equal $1,000. 1 N 3 4 5 6 7 Record the service revenue for the year. Note: Enter debits before credits Transaction General Journal Debit Credit Cash Record entsy Clear entry Vi general jou