The following information applies to the questions displayed below.) The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances: Credits Accounts Cash Accounts Recevable Supplies Equipment Accumulated Depreciation Salarles Payable Common Stock Retained Earnings Debits $ 15,000 7,000 3,000 10,000 $ 3,000 5,000 20,000 7,000 Totals $35,000 $35,000 The following is a summary of the transactions for the year: a. March 12 Provide services to customers, $50,000, of which $20,000 is on account. b. May 2 Collect on accounts receivable, $17,000. C. June 30 Issue shares of common stock in exchange for $5,000 cash. d. August 1 Pay salaries, $25,000 (of which $5,000 is for salaries payable in 2017). e. September 25 Pay repairs and maintenance expenses, $12,000. f. October 19 Purchase equipment for $7,000 cash. g. December 30 Pay $1,000 cash dividends to stockholders. h. Accrued salaries at year-end amounted to $1,000. Depreciation for the year on the equipment is $4,000. Office supplies remaining on hand at the end of the year equal $1,000. Required: 1., 3. 6. & 10. Enter the unadjusted balances from the trial balance and post the adjusting entries to the T-accounts, and post the closing entries to the T-accoun Cash Accounts Receivable Beg. Bal. a. 15,000 Beg. Bal. b. 7,000 End. Bal. 15,000 End. Bal. 7.000 Supplies Equipment Beg. Bal. Beg. Bal. 3,000 10,000 End. Bal. 3,000 End. Bal. 10,000 Accumulated Depreciation Salaries Payable Beg. Bal. Beg. Bal. 3,000 5,000 End. Bal. 3,000 End. Bal. 5,000 Common Stock Retained Earnings Beg. Bal. Beg. Bal. 20,000 7,000 End. Bal. 20,000 End. Bal. 7.000 Service Revenue Dividends Beg. Bal. Beg. Bal. End. Bal. End. Bal. Salaries Expense R&M Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Depreciation Expense Supplies Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. 2. Record each of the summary transactions listed above. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) View transaction list 1 Record the service revenue for the year. 2 Record the collection of accounts receivable. 3 Record the issuance of additional stock. 4 Record the payment of salaries. 5 Record repairs and maintenance expense. Credit 6 Record the purchase of equipment. 7 Record the payment of cash dividends. Note : = journal entry has been entered Record entry Clear entry View general journal