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The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances: Accounts Debits Credits Cash $ 15,500 Accounts Receivable 7,100

The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances:

Accounts Debits Credits
Cash $ 15,500
Accounts Receivable 7,100
Supplies 3,100
Equipment 10,500
Accumulated Depreciation $ 3,200
Salaries Payable 5,200
Common Stock 20,500
Retained Earnings 7,300
Totals $ 36,200 $ 36,200

The following is a summary of the transactions for the year:

March 12 Provide services to customers, $51,000, of which $20,100 is on account.

May 2 Collect on accounts receivable, $17,100.

June 30 Issue shares of common stock in exchange for $6,000 cash.

August 1 Pay salaries, $25,100 (of which $5,200 is for salaries payable in 2017).

September 25 Pay repairs and maintenance expenses, $12,100.

October 19 Purchase equipment for $7,100 cash.

December 30 Pay $1,100 cash dividends to stockholders.

Accrued salaries at year-end amounted to $1,100. Depreciation for the year on the equipment is $4,100. Office supplies remaining on hand at the end of the year equal $1,200.

Question:

4. Prepare an unadjusted trial balance.

7. Prepare an adjusted trial balance.

8-a. Prepare the income statement for the year ended December 31, 2018.

8-b. Prepare the classified balance sheet for the year ended December 31, 2018.

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