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The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation
The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals Debits Credits $19,000 7,800 3,800 14, $ 4,600 6,600 24,000 9,400 $44,600 $44,600 The following is a summary of the transactions for the year: 1. March 2. May 3. June 4. August 12 Provide services to customers, $58,000, of which $20,800 is on account. 2 Collect on accounts receivable, $17,800. 30 Issue shares of common stock in exchange for $4,000 cash. 1 Pay salaries of $6,600 from 2020 (prior year).. 5. September 25 Pay repairs and maintenance expenses, $12,800. 6. October 19 Purchase equipment for $7,800 cash. 7. December 30 Pay $1,200 cash dividends to stockholders. 4. Prepare an unadjusted trial balance. Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Dividends RED STORM CLEANERS Unadjusted Trial Balance December 31, 2021 Debit Credit $ 37,200 38,600 3,800 7,800 $ 4,600 4,000 1,200
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