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 Accounts Debits Credits Cash $ 17,500 Accounts Receivable 7,500 Supplies 3,500 Equipment 12,500 Accumulated Depreciation $ 4,000 Salaries Payable 6,000 Common Stock 22,500 Retained Earnings 8,500 Totals $ 41,000 $ 41,000 The following is a summary of the transactions for the year a March 12 Provide services to customers, $55,000, of which $20,500 is on account b May 2 Collect on accounts receivable, $17,500 c June 30 Issue shares of common stock in exchange for $4,000 cash d August 1 Pay salaries, $25,500 (of which $6,000 is for salaries payable in 2017) e September 25 Pay repairs and maintenance expenses, $12,500 f October 19 Purchase equipment for $7,500 cash g December 30 Pay $1,200 cash dividends to stockholders Question1 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 accounts Question 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 ) Question3 Prepare an unadjusted trial balance Question 4 Record adjusting entries Accrued salaries at year end amounted to $1,200 Depreciation for the year on the equipment is $4,500 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 ) Question 6 Prepare an adjusted trial balance Question 7 Prepare the income statement for the year ended December 31, 2018 Question 8 Prepare the classified balance sheet for the year ended December 31, 2018 (Amounts to be deducted should be indicated by a minus sign ) Question 9 Record closing entries (If no entry is required for a particular transaction event, select No journal entry required in the first account field ) Question 10 Prepare a post closing trial balance

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[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:

[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:

Accounts	Debits		Credits
Cash	$	17,500
Accounts Receivable		7,500
Supplies		3,500
Equipment		12,500
Accumulated Depreciation			$	4,000
Salaries Payable				6,000
Common Stock				22,500
Retained Earnings				8,500

Totals	$	41,000	$	41,000

The following is a summary of the transactions for the year: a. March 12 Provide services to customers, $55,000, of which $20,500 is on account. b. May 2 Collect on accounts receivable, $17,500. c. June 30 Issue shares of common stock in exchange for $4,000 cash. d. August 1 Pay salaries, $25,500 (of which $6,000 is for salaries payable in 2017). e. September 25 Pay repairs and maintenance expenses, $12,500. f. October 19 Purchase equipment for $7,500 cash. g. December 30 Pay $1,200 cash dividends to stockholders. Question1: 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-accounts. Question 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.) Question3: Prepare an unadjusted trial balance. Question 4: Record adjusting entries. Accrued salaries at year-end amounted to $1,200. Depreciation for the year on the equipment is $4,500. 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.) Question 6: Prepare an adjusted trial balance. Question 7: Prepare the income statement for the year ended December 31, 2018. Question 8: Prepare the classified balance sheet for the year ended December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.) Question 9: Record closing entries. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) Question 10: Prepare a post-closing trial balance.