The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances: The following is a summary of the transaction for the year: March 12 Provide services to customers, $53,000, of which $20, 300 is on account. May 2 Collect on accounts receivable, $17, 300. June 30 Issue shares of common stock in exchange for $5,000 cash. August 1 Pay salaries, $25, 300 (of which $5, 600 is for salaries payable in 2017.) September 25 Pay repairs and maintenance expenses, $12, 300. October 19 Purchase equipment for $7, 300 cash. 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 $1,000. Depreciation for the year on the equipment is $4, 300. Office supplies remaining on hand at the end of the year equal $1,000. Prepare the journal entries for transactions. If no entry is required for a transaction/event, select "No journal entry required" in the first account field