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Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Debits Credits counts $12,500 6,500 2,500 17,500

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Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Debits Credits counts $12,500 6,500 2,500 17,500 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings 6,000 8,500 17,500 7,000 $39,000 $39,000 Totals The following is a summary of the transactions for the year: 1. March 2. ay 3. June 4. August 5. September 25 Pay repairs and maintenance expenses, $11,500. 6. ctober 7. December 12 Provide services to customers, $45,000, of which $19,500 is on account. 2 Collect on accounts receivable, $16,500. 30 Issue shares of common stock in exchange for $5,000 cash. 1 Pay salaries of $8,500 from 2020 (prior year). 19 Purchase equipment for $6,500 cash. 30 Pay $1,000 cash dividends to stockholders. 7. Prepare an adjusted trial balance. RED STORM CLEANERS Adjusted Trial Balance December 31, 2021 Debit Accounts Credit Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Repairs and Maintenance Expense Depreciation Expense Supplies Expense Totals

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