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The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: 1., 3., 6., 10. Post the transactions, adjusting entries

The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: 1., 3., 6., 10. Post the transactions, adjusting entries and closing entries to tje T-accounts. be sure to include behinning balances. (Charts are provided, just need help with the T-accounts) feel free to check my work. thanks! image text in transcribed
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Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credito Debits $15,500 7,100 3,100 10,500 Accounts Cash Accounts Receivable Supplies Equipment Accunulated Depreciation Salaries Payable Common stock Retained Earnings Total $ 3,200 5,200 20,500 2.300 $36,200 $36,200 The following is a summary of the transactions for the year 1. March 12 Provide services to customers, $51,000 1 of which $20,100 is on account. 2. May 2 Collect on accounts receivable, $17,100. 3. June 30 Issue shares of common stock an exchange for $6,000 cash. 4. August 1 Pay salaries of $5,200 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $12,100. 6. October 19 Purchase equipment for $7,100 cash. 7. December 30 Pay $1,100 cash dividends to stockholders. Required: 1., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. No Date General Journal Dobit Credit 1 March 12 Accounts Receivable 20,100 30,900 Cash Service Revenue 51.000 2 May 02 Cash 17.100 Accounts Receivable 17.100 3 June 30 Cash Common Stock 6,000 6,000 4 August 01 Salaries Payable Cash 5,200 5,200 5 September 25 Repairs and Maintenance Expense Cash 12,100 12,100 6 October 19 Equipment Cash 7,100 7.100 7 December 30 Dividends Cash 1,100 1,100 No Date General Journal Debit Credit 1 December 31, 2021 Salaries Expense 19,600 Salaries Payable 19,600 2 December 31, 2021 4,100 Depreciation Expense Accumulated Depreciation 4,100 3 December 31, 2021 1,900 Supplies Expense Supplies 1,900 No Date General Journal Debit Credit 1 December 31 2021 51.000 Service Revenue Retained Earnings 51,000 2 December 31, 2021 37.700 Retained Earnings Repairs and Maintenance Expense Depreciation Expense Supplies Expense Salaries Expense 12,100 4,100 1,900 19,600 3 December 31, 2021 Retained Earnings 1.100 Dividends 1,100 End. Bal. 7,300 End. Bal. Common Stock 20.500 6,000 Retained Earnings 7,300 Beg. Bal. June 30 Beg. Bal End, Bal 26,500 End. Bal 7,300 Dividends Bog. Bal Service Revenue 0 51,000 Beg. Bal March 12 End. Bol 51,000 End, Bal 0 Salaries Expense Repairs and Maintenance Expense Beg Bal Bog. Bat End, Bal 0 End. Bal 0 Depreciation Expense Supplies Expense Beg. Bal. Beg Bal End. Bal. 0 End. Bal. 0 Accounts Receivable Beg Bal Beg Bal March 12 May 02 June 30 Cash 15,500 30,900 17,100 6,000 5,200 August 01 12,100 September 25 7,100 (October 19 1,100 (December 30 End. Bal 44.000 End. Bal Supplies 3,100 Beg. Bal Equipment 10,500 7,100 Beg. Bal. 1,900 December 31 October 19 End. Bal. 17,600 End. Bal. 1,200 Salaries Payable Accumulated Depreciation 3,200 4,100 Beg. Bal Beg Bal. December 31 0 7.300 End. Bal End, Bal. Retained Earnings 7,300 Common Stock 20,500 6,000 Beg Bal Bog. Bal June 30 C D 7 | 2R 5 CA

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