Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $19,000 7,800 3,800 14,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 4,600 6,600 24,000 9,400 $44,600 $44,600 The following is a summary of the transactions for the year 1. March 12 Provide services to customers, $58,000, of which $20,800 is on account. 2. May 2 Collect on accounts receivable, $17,800. 3. June 30 Issue shares of common stock in exchange for $4,000 cash. 4. August 1 Pay salaries of $6,600 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $12,800. 6. October 19 Purchase equipment for $7,880 cash. 7. December 30 Pay $1,200 cash dividends to stockholders. 2. Record each of the summary transactions listed above. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list Saved Required information Journal entry worksheet Saved Required information Journal entry worksheet