Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $ 11,500 Accounts Receivable 6,300 Supplies 2,300 Equipment 18,500 Accumulated Depreciation $ 6,400 Salaries Payable 8,900 Common Stock 16,500 Retained Earnings 6,800 Totals $ 38,600 $ 38,600 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $43,000, of which $19,300 is on account. 2. May 2 Collect on accounts receivable, $16,300. 3. June 30 Issue shares of common stock in exchange for $4,000 cash. 4. August 1 Pay salaries of $8,900 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,300. 6. October 19 Purchase equipment for $6,300 cash. 7. December 30 Pay $1,200 cash dividends to stockholders.

Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $11,500 6,300 2,300 18,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 6,400 8,900 16,500 6,800 $38,600 $38,600 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $43,000, of which $19,300 is on account. 2. May 2 Collect on accounts receivable, $16,300. 3. June 30 Issue shares of common stock in exchange for $4,000 cash. 4. August 1 Pay salaries of $8,900 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,300. 6. October 19 Purchase equipment for $6,300 cash. 7. December 30 Pay $1,200 cash dividends to stockholders. 5. Record adjusting entries. Accrued salaries at year-end amounted to $19,700. Depreciation for the year on the equipment is $3,300. Office supplies remaining on hand at the end of the year equal $1,100. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 December 31, 2021 Salaries Expense 19,700 Salaries Payable 19,700 2 December 31, 2021 Depreciation Expense 3,300 Accumulated Depreciation 3,300 3 December 31, 2021 Supplies Expense 1,200 Supplies 1,200 4. Prepare an unadjusted trial balance. X Answer is complete but not entirely correct. RED STORM CLEANERS Unadjusted Trial Balance December 31, 2021 Debit Accounts Credit Cash $ 124,000 X Accounts Receivable 9,300 1,100 X 24,800 Supplies Equipment Accumulated Depreciation Salaries Payable $ 9,700 X 1,200 20,500 6,800 Common Stock Retained Earnings Dividends 1,200 Service Revenue 43,000 3,300 1,200 Salaries Expense Repairs and Maintenance Expense Depreciation Expense Supplies Expense Totals 16,600 X 11,300 $ 192,800 $ 81,200 7. Prepare an adjusted trial balance. Answer is complete but not entirely correct. RED STORM CLEANERS Adjusted Trial Balance December 31, 2021 Debit Accounts Credit Cash $ 12,400 X 9,300 Accounts Receivable 1,100 24,800 Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock 9,700 1,200 20,500 Retained Earnings 6,800 Dividends 1,200 43,000 3,300 1,200 X Service Revenue Salaries Expense Repairs and Maintenance Expense Depreciation Expense Supplies Expense Totals 16,600 X 11,300 X 81,200 $ $ 81,200 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No Date General Journal Debit Credit December 31, 202 Service Revenue 43,000 Retained Earnings 43,000 2 December 31, 202 Retained Earnings 11,300 Repairs and Maintenance Expense 11,300 3 December 31, 202 Retained Earnings 1,200 Dividends 1,200 Salaries Payable Accumulated Depreciation 6,400 Beg. Bal. 8,900 Beg. Bal. August 01 8,900 End. Bal. 6,400 End. Bal. 0 Common Stock Beg. Bal. Beg. Bal. 16,500 4,000 June 30 Retained Earnings 6,800 1,200 December 31 End. Bal. 20,500 End. Bal. 5,600 Service Revenue Dividends Beg. Bal. Beg. Bal. 43,000 March 12 December 30 1,200 1,200 December 31 End. Bal. 43,000 End. Bal. 0 Salaries Expense Repairs and Maintenance Expense Beg. Bal. Beg. Bal. September 25 11,300 End. Bal. 0 End. Bal. 11,300 Depreciation Expense Supplies Expense Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 11. Prepare a post-closing trial balance. X Answer is not complete. RED STORM CLEANERS Post-Closing Trial Balance December 31, 2021 Debit Accounts Credit Cash $ Accounts Receivable 27,800 9,300 2,300 24,800 Supplies Equipment Accumulated Depreciation Common Stock $ 6,400 20,500 37,300 Retained Earnings Salaries Payable Totals $ 64,200 $ 64,200