The general ledger of Red Storm Cleaners at January 1, 2015, includes the following account balances:

Accounts	Debits			Credits
Cash	$	20,000
Accounts Receivable		8,000
Supplies		4,000
Equipment		15,000
Accumulated Depreciation				$	5,000
Salaries Payable					7,500
Common Stock					25,000
Retained Earnings					9,500
Totals	$	47,000		$	47,000

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

a.	Sales of services, $60,000, of which $21,000 is on account.
b.	Collect on accounts receivable, $18,000.
c.	Issue shares of common stock in exchange for $6,000 cash.
d.	Pay salaries, $26,000 (of which $7,500 is for salaries payable in 2014).
e.	Pay repairs and maintenance expenses, $13,000.
f.	Purchase equipment for $8,000 cash.
g.	Pay $1,100 cash dividends to stockholders.

6.

value: 0.83 points

Required information

2.	Record each of the summary transactions listed above. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.)

4. Prepare an unadjusted trial balance.

6. Record adjusting entries. Accrued salaries at year-end amounted to $1,100. Depreciation for the year on the equipment is $5,000. Office supplies remaining on hand at the end of the year equal $1,200. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.)

7. Prepare an adjusted trial balance.

8A. Prepare the income statement for the year ended December 31, 2015.

8B. Prepare the classified balance sheet for the year ended December 31, 2015. (Amounts to be deducted should be indicated by a minus sign.)

9. Record closing entries. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.)

11. Prepare a post-closing trial balance.