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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:

March 12 Provide services to customers, $55,000, of which $20,500 is on account.

May 2 Collect on accounts receivable, $17,500.

June 30 Issue shares of common stock in exchange for $4,000 cash.

August 1 Pay salaries, $25,500 (of which $6,000 is for salaries payable in 2017).

September 25 Pay repairs and maintenance expenses, $12,500.

October 19 Purchase equipment for $7,500 cash.

December 30 Pay $1,200 cash dividends to stockholders.

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.

2. Record each of the summary transactions listed above. (If no entry is required for a particular transaction, select "No journal entry required first account field.) View transaction list Journal entry worksheet Record the service revenue for the year. Note: Enter debits before credits. Transaction General Journal Debit Credit a. ervice fee expense 20,500 55,000 Record entry Clear entry View general journal