Required information. The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable Debits Credits $15,000 7,000 Supplies 3,000 Equipment 10,000 Accumulated Depreciation $ 3,000 Salaries Payable Common Stock Retained Earnings Totals 5,000 20,000 7,000 $35,000 $35,000 The following is a summary of the transactions for the year: 1. March 2. May 3. June 4. August 12 Provide services to customers, $50,000, of which $20,000 is on account. 2 Collect on accounts receivable, $17,000. 30 Issue shares of common stock in exchange for $5,000 cash. 1 Pay salaries of $5,000 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $12,000. 6. October 19 Purchase equipment for $7,000 cash. 7. December 30 Pay $1,000 cash dividends to stockholders. Current Assets: Assets Total Current Assets Long-term assets: RED STORM CLEANERS Balance Sheet December 31, 2021 Liabilities Current Liabilities: Stockholders' Equity Total Stockholders' Equity 0 Total Assets $ 0 Total Liabilities and Stockholders' Equity $ 0 Journal entry worksheet 1 2 3 Record the closing entry for revenue. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit Journal entry worksheet < 1 2 3 Record the closing entry for expenses. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit Journal entry worksheet < 1 2 3 Record the closing entry for cash dividends. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit > Required: 1., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. Beg. Bal. End. Bal. Cash Beg. Bal End. Bal. Accounts Receivable Supplies Beg. Bal Equipment Beg. Bal. End. Bal. End. Bal. Accumulated Depreciation Beg Bal Salaries Payable. Beg. Bal. End. Bal. k End. Bal. Common Stock Retained Earnings aces Beg Bal. Beg. Bal End. Bal End. Bal. Service Revenue Dividends Beg. Bal. Beg. Bal. End. Bal. End. Bal, Salaries Expense Repairs and Maintenance Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Salaries Expense Beg. Bal. End. Bal. Beg. Bal. Repairs and Maintenance Expense. End. Bal. Depreciation Expense, Beg. Bal. Supplies Expense Beg. Bal End Bal. End. Bal