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The following information apples to the questions displayed below The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances

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The following information apples to the questions displayed below The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances Accounts Supplies s17.500 7500 3,500 12,500 s 4,000 6,000 22.500 8,500 $41000 $ 41000 of the transactions for the $17500 c June 30 Issue shares of common stock in exchange for $4,000 cash d August 1 Pay salares, $25,500 (of which $6.000 is for salaries payable in 2017) t October 19 Purchase equipment for $7,500 cash h Accrued salaries at year-end 25 Pay repairs and m 30 Pay $1,200 cash di

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