The general ledger of Red Storm Cleaners at January $1,2024,$ 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 $2023($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.

The following information is available for the adjusting entries.

Accrued salaries at year$-$end amounted to $$19,600.$ Depreciation for the year on the equipment is $$5,000.$ Office supplies remaining on hand at the end of the year equal $$1,200.$