The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances:

Accounts	Debits			Credits
Cash	$	17,000
Accounts Receivable		7,400
Supplies		3,400
Equipment		12,000
Accumulated Depreciation				$	3,800
Salaries Payable					5,800
Common Stock					22,000
Retained Earnings					8,200
Totals	$	39,800		$	39,800

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

March 12 Provide services to customers, $54,000, of which $20,400 is on account.

May 2 Collect on accounts receivable, $17,400.

June 30 Issue shares of common stock in exchange for $6,000 cash.

August 1 Pay salaries, $25,400 (of which $5,800 is for salaries payable in 2017).

September 25 Pay repairs and maintenance expenses, $12,400.

October 19 Purchase equipment for $7,400 cash.

December 30 Pay $1,100 cash dividends to stockholders.

Accrued salaries at year-end amounted to $1,100. Depreciation for the year on the equipment is $4,400. Office supplies remaining on hand at the end of the year equal $1,200.

9. Record closing entries. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2018 Record entry Clear entry View general journal