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The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation

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The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Connon stock Retained Earnings Totals Debits $10,500 6,100 2,100 19,500 $ 6,500 9,300 15,500 5,600 $38,200 $38,200 The following is a summary of the transactions for the year 1. March 12 provide services to custoners, 541,000, of which $19,100 is on account. 2. May 2 collect on accounts receivable, $16,100. 3. June 30 Issue shares of common stock in exchange for $6,000 cash 4. August 1 Pay salaries of $9,300 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,100. 6. October 19 Purchase equipment for 56,100 cash. 7. December 30 Pay 31,100 cash dividends to stockholders. The following information is available for the adjusting entries Accrued salaries at year end amounted to $15,900 Depreciation for the year on the equipment is $3,100. Office Supplies remaining on hand at the end of the year equal $1,000 The balance sheet is the accounting equation: Assets - Liabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Red Storm Cleaners Balance Sheet December 31, 2021 Assets Liabilities Current Assets Current Liabilities 0 Total Current Liabilities Stockholders' Equity 0 0 0 Total Current Assets Long-term Assets 0 0 Total Stockholders' Equity o Total Liabilities and Stockholders' Equity Tootele 5 $ Total Assets

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