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

Accounts Debits Credits

Cash $ $12,500$

Accounts Receivable $6,500$

Supplies $2,500$

Equipment $17,500$

Accumulated Depreciation $ $6,000$

Salaries Payable $8,500$

Common Stock $17,500$

Retained Earnings $7,000$

Totals $ $39,000$ $ $39,000$

The following is a summary of the transactions for the year:

$1.$ March $12$ Provide services to customers, $$45,000,$ of which $$19,500$ is on account.

$2.$ May $2$ Collect on accounts receivable, $$16,500.$

$3.$ June $30$ Issue shares of common stock in exchange for $$5,000$ cash.

$4.$ August $1$ Pay salaries of $$8,500$ from $2023($prior year$).$

$5.$ September $25$ Pay repairs and maintenance expenses, $$11,500.$

$6.$ October $19$ Purchase equipment for $$6,500$ cash.

$7.$ December $30$ Pay $$1,000$ cash dividends to stockholders.

The following information is available for the adjusting entries.

Accrued salaries at year$-$end amounted to $$19,500.$ Depreciation for the year on the equipment is $$3,500.$ Office supplies remaining on hand at the end of the year equal $$1,200.$