The general ledger of Red Storm Cleaners at January 1, 2021, Includes the following account balances: Credits Debits $19,000 7,800 3,800 14,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 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 12 Provide services to customers, $58,000, of which $20,800 is on account. 2. May 2 Collect on accounts receivable, $17,800. 3. June 30 Issue shares of common stock in exchange for $4,000 cash. 4. August 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 38 Pay $1,200 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $20,400. Depreciation for the year on the equipment is $4,800. Office supplies remaining on hand at the end of the year equal $1,100. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 1 Record the providing of services to customers, $58,000, of which $20,800 is on account. 2 Record the collection on accounts receivable, 17,800. 3 Record the issuance of common stock in exchange for $4,000 cash. 4 Record the payment of salaries of $6,600 from 2020 (prior year). 5 Record the payment for repairs and maintenance expenses, $12,800. 6 6 Record the purchase of equipment for $7,800 cash. 7 Record the payment of $1,200 for cash dividends to stockholders. 8 Record the adjusting entry for salaries. 9 Record the adjusting entry for depreciation. 10 Record the adjusting entry for supplies remaining on hand at the end of the year equal to $1,100. 11 Record the closing entry for revenue. 12 Record the closing entry for expenses. 13 Record the closing entry for cash dividends