The general ledger of Green Stream Cleaners at January 1, 2024, includes the following account balances:...

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The general ledger of Green Stream Cleaners at January 1, 2024, includes the following account balances: Accounts Cash Debits $11,000 Credits: Accounts Receivable Supplies Equipment Accumulated Depreciation. Salaries Payable Common Stock Retained Earnings Totals 6,200 2,200 19,000 $ 6,600 9,100. 16,000 6,700 $ 38,400 $ 38,400 The following is a summary of the transactions for the year: 1. March 12 2. May 2 3. June 30 4. August 1 5. September 25 6. October 19 7. December 30 Required: Provide services to customers, $42,000, of which $19,200 is on account. Collect on accounts receivable, $16,200. Issue shares of common stock in exchange for $5,000 cash. Pay salaries of $9,100 from 2023 (prior year). Pay repairs and maintenance expenses, $11,200. Purchase equipment for $6,200 cash. Pay $1,000 cash dividends to stockholders. 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Accrued salaries at year-end amounted to $19,500. Depreciation for the year on the equipment is $3,200. Office supplies remaining on hand at the end of the year equal $1,200. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2024. 8-b. Prepare the classified balance sheet for the year ended December 31, 2024. 9. Record closing entries. 1., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 11. Prepare a post-closing trial balance. Journal entry worksheet 1 2 3 Record the adjusting entry for salaries. Accrued salaries at year-end amounted to $19,500. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 3 3 Record the adjusting entry for depreciation, $3,200. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 Office supplies remaining on hand at the end of the year equal $1,200. Record the adjusting entry. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal Current Assets: Cash Accounts Receivable Supplies Total Current Assets Long-term Assets: Equipment Accumulated Depreciation Total Assets Assets GREEN STREAM CLEANERS Balance Sheet December 31, 2024 Current Liabilities: $ 27,500 Salaries Payable 9,200 1,200 Liabilities $ Stockholders' Equity 37,900 Common Stock 21,000 Retained Earnings 33,300 25,200 (9,800) Total Stockholders' Equity 54,300 $ 53,300 Total Liabilities and Stockholders' Equity $ 54,300 The general ledger of Green Stream Cleaners at January 1, 2024, includes the following account balances: Accounts Cash Debits $11,000 Credits: Accounts Receivable Supplies Equipment Accumulated Depreciation. Salaries Payable Common Stock Retained Earnings Totals 6,200 2,200 19,000 $ 6,600 9,100. 16,000 6,700 $ 38,400 $ 38,400 The following is a summary of the transactions for the year: 1. March 12 2. May 2 3. June 30 4. August 1 5. September 25 6. October 19 7. December 30 Required: Provide services to customers, $42,000, of which $19,200 is on account. Collect on accounts receivable, $16,200. Issue shares of common stock in exchange for $5,000 cash. Pay salaries of $9,100 from 2023 (prior year). Pay repairs and maintenance expenses, $11,200. Purchase equipment for $6,200 cash. Pay $1,000 cash dividends to stockholders. 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Accrued salaries at year-end amounted to $19,500. Depreciation for the year on the equipment is $3,200. Office supplies remaining on hand at the end of the year equal $1,200. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2024. 8-b. Prepare the classified balance sheet for the year ended December 31, 2024. 9. Record closing entries. 1., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 11. Prepare a post-closing trial balance. Journal entry worksheet 1 2 3 Record the adjusting entry for salaries. Accrued salaries at year-end amounted to $19,500. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 3 3 Record the adjusting entry for depreciation, $3,200. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 Office supplies remaining on hand at the end of the year equal $1,200. Record the adjusting entry. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal Current Assets: Cash Accounts Receivable Supplies Total Current Assets Long-term Assets: Equipment Accumulated Depreciation Total Assets Assets GREEN STREAM CLEANERS Balance Sheet December 31, 2024 Current Liabilities: $ 27,500 Salaries Payable 9,200 1,200 Liabilities $ Stockholders' Equity 37,900 Common Stock 21,000 Retained Earnings 33,300 25,200 (9,800) Total Stockholders' Equity 54,300 $ 53,300 Total Liabilities and Stockholders' Equity $ 54,300