Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $11,000 Accounts Receivable 6,200 Supplies 2,200 Equipment 19,000 Accumulated Depreciation $ 6,600 Salaries Payable 9,100 Common Stock 16,000 Retained Earnings 6,700 Totals $38,400 $38, 400 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $42,000, of which $19,200 is on account. 2. May 2 Collect on accounts receivable, $16,200. 3. June 30 Issue shares of common stock in exchange for $5,000 cash. 4. August 1 Pay salaries of $9,100 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,200. 6. October 19 Purchase equipment for $6,200 cash. 7. December 30 Pay $1,000 cash dividends to stockholders. Credit RED STORM CLEANERS Post-Closing Trial Balance December 31, 2021 Accounts Debit Cash $ 21,900 X Accounts Receivable 6,200 Supplies 1,000 > Equipment 19,000 X Accumulated Depreciation $ Salaries Payable Common Stock Retained Earnings 10,000 X 9,100 X 16,000 X 6,700 Totals $ 48,100 $ 41,800