[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:

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.

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-accounts.

Cash Accounts Receivable Beg. Bal 17,500 Beg. Bal 7,500 End. Bal 17,500 End. Bal 7,500 Supplies 3,500 Equipment Beg. Bal Beg. Bal 12,500 2,400 7,500 End. Bal 1,100 End. Bal 20,000 Accumulated Depreciation Salaries Payable 6,000 1,200 ADJ.d Beg. Bal 4,000 Beg. Bal 6,000 End. Bal 4,000 End. Bal 1,200 Common Stock Retained Earnings Beg. Bal 22,500 Beg. Bal CI. entry CI. entry 8,500 4,000 C 1,200 21,000 End. Bal 26,500 End. Bal 28,300 Service Revenue Dividends