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Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated
Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals Debits $20,000 8,000 Credits 4,000 15,000 $ 5,000 7,500 25,000 9,500 $47,000 $47,000 The following is a summary of the transactions for the year: 1. March 2. May 3. June 4. August 12 Provide services to customers, $60,000, of which $21,000 is on account.. 2 Collect on accounts receivable, $18000. 30 Issue shares of common stock in exchange for $6,000 cash. 1 Pay salaries of $7,500 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $13,000. 6. October 19 Purchase equipment for $8,000 cash. 7. December 30 Pay $1,100 cash dividends to stockholders. Required: 1., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 20 Part 7 of 8 Required: 1., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 4.34 points Beg. Bal eBook End. Bal. Cash Beg Bal Accounts Receivable End. Bal. References + Supplies Equipment Beg Bal Beg. Bal End. Bal 0 End. Bal Accumulated Depreciation Salaries Payable Beg Bal Beg. Bal End Bal 0 End. Bal Common Stock Retained Earnings Beg Bal Beg. Bal Supplies Beg Bal Beg. Bal Equipment End. Bal 0 End. Bal 0 Accumulated Depreciation Salaries Payable Beg. Bal. Beg. Bal End. Ba 0 End. Bal Common Stock- Retained Eamings Beg Bal Beg. Bal End. Bal. Service Revenue Beg. Bal End. Bal 0 End. Bal Dividends Beg Bal End. Bal. On < Prev 20 21 of 23 Next > 0 End. Bal. Service Revenue Beg. Bal. End. Bal. Salaries Expense Beg. Bal. End. Bal. Depreciation Expense Beg. Bal End. Bal. End. Bal Beg. Bal End. Bal Dividends Repairs and Maintenance Expense Beg. Bal 0 End. Bal. Supplies Expense Bog. Bal End. Bal. o
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