Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable Debits Credits $20,000 8,000 Supplies 4,000 Equipment 15,000 Accumulated Depreciation $ 5,000 Salaries Payable Common Stock Retained Earnings Totals 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, $18,000. 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. 11. Prepare a post-closing trial balance. Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Common Stock Retained Earnings Answer is not complete. RED STORM CLEANERS Post-Closing Trial Balance December 31, 2021 Debit Credit $ 53,400 11,000 4,000 23,000 $ 5,000 31,000 9,500 1,100 60,000 Dividends Service Revenue Repairs and Maintenance Expense Totals 13,000 $ 105,500 $ 105,500