Question
The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances: Accounts Debits Credits Cash $ 13,500 Accounts Receivable 6,700
The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances: Accounts Debits Credits Cash $ 13,500 Accounts Receivable 6,700 Supplies 2,700 Equipment 16,500 Accumulated Depreciation $ 5,600 Salaries Payable 8,100 Common Stock 18,500 Retained Earnings 7,200 Totals $ 39,400
Accrued salaries at year-end amounted to $1,100. Depreciation for the year on the equipment is $3,700. Office supplies remaining on hand at the end of the year equal $1,000.
1. provide closing journal entries for revenue, expenses, and cash dividends.
2. Provide income statement
3. provide balance sheet
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