(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 Receivable 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. 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list 1 Record the entry to close the revenue accounts. 2 Record the entry to close the expense accounts. 3 Record the entry to close the dividends account. Credit Note : = journal entry has been entered Record entry Clear entry View general journal 11. Prepare a post-closing trial balance. RED STORM CLEANERS Post-Closing Trial Balance December 31, 2018 Debit Accounts Credit Totals S0S