The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Cash Debits Credits $12,000 Accounts Receivable 6,400 Supplies 2,400 Equipment 18,000 Accumulated Depreciation $ 6,200 Salaries Payable 8,700 Common Stock 17,000 Retained Earnings 6,900 Totals $38,800 $38,800 The following is a summary of the transactions for the year: ces 1. March 2. May 3. June 4. August 12 Provide services to customers, $44,000, of which $19,400 is on account. 2 Collect on accounts receivable, $16,400. 30 Issue shares of common stock in exchange for $6,000 cash. 1 Pay salaries of $8,700 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,400. 6. October 19 Purchase equipment for $6,400 cash. 7. December 30 Pay $1,100 cash dividends to stockholders. Gr O of 8 Next > Check my w 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 sheet 5. Record adjusting entries. Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $3,400. Office supplies remaining on hand at the end of the year equal $1,000. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No Date General Journal 2 December 31, 202 Depreciation Expense 3 December 31, 202 Supplies Expense Debit Credit 3,400 1,400