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The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Cash Debits Credits $12,000 Accounts Receivable Supplies

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The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Cash Debits Credits $12,000 Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals 6,400 2,400 18,000 $ 6,200 8,700 17,000 6,900 $38,800 $38,800 The following is a summary of the transactions for the year: 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. G Novt Check my 13 1., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. Beg. Bal. End. Bal. Cash Accounts Receivable Beg. Bal. End. Bal. Supplies Beg. Bal. End. Bal. Beg. Bal. Equipment End. Bal. Accumulated Depreciation Salaries Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Common Stock Beg. Bal. End. Bal. Beg. Bal. Retained Earnings End. Bal. Service Revenue Dividends Beg. Bal. Beg. Bal. End. Bal. End. Bal. Salaries Expense Beg. Bal. End. Bal. k Beg. Bal. Repairs and Maintenance Expense End. Bal. Depreciation Expense Supplies Expense Beg. Bal. Beg. Bal. nces End. Bal. End. Bal.

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