The general ledger of Red Storm Cleaners at January 1, 2021, 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:

1.		March		12		Provide services to customers, $60,000, of which $21,000 is on account.
2.		May		2		Collect on accounts receivable, $18,000.
3.		June		30		Issue shares of common stock in exchange for $6,000 cash.
4.		August		1		Pay salaries of $7,500 from 2020 (prior year).
5.		September		25		Pay repairs and maintenance expenses, $13,000.
6.		October		19		Purchase equipment for $8,000 cash.
7.		December		30		Pay $1,100 cash dividends to stockholders.

Record the closing entry for revenue

Date	General Journal	Debit	Credit
December 31, 2021

• Record the closing entry for expenses

  Date	General Journal	Debit	Credit
  December 31, 2021

• Record the closing entry for cash dividends

  Date	General Journal	Debit	Credit
  December 31, 2021