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The general ledger of Red Storm Cleaners at January 1, 2024, includes the following account balances: Accounts Cash Debits $20,000 Credits Accounts Receivable 8,000
The general ledger of Red Storm Cleaners at January 1, 2024, includes the following account balances: Accounts Cash Debits $20,000 Credits 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 servicesito customers, $60,000, of which $21,000 is on account. Collect on accounts receivable, $18,000. 2. May 2 3. June 30 4. August 1 5. September 25 6. October 19 7. December 30 Issue shares of common stock in exchange for $6,000 cash. Pay salaries of $7,500 from 2023 (prior year). Pay repairs and maintenance expenses, $13,000. Purchase equipment for $8,000 cash. 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. General Danirament General Trial Balanca Income Balance Cheat Journal entry worksheet < 1 2 3 4 5 6 7 8 13 Record the services provided to customers, $60,000, of which $21,000 is on account. Note: Enter debits before credits. Date March 12 General Journal Debit Credit Record entry Clear entry View general journal Unadjusted Revenues: Total Revenues Expenses: Red Storm Cleaners Income Statement For the Year Ended December 31, 2024 Total Expenses 0 0 0 Unadjusted Current Assets: Assets Total Current Assets Long-term Assets Total Assets Red Storm Cleaners Balance Sheet December 31, 2024 0 Current Liabilities: Liabilities based on your selection. Total Current Liabilities 0 Stockholders' Equity 0 0 0 Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity $ $ 0
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