The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $12,500 6,500 2,500 17,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 6,000 8,500 17,500 7.000 $39,000 $39,000 The following is a summary of the transactions for the year. 1. March 12 Provide services to customers, $45,000, of which $19,500 is on account. 2. May 2 Collect on accounts receivable, $16,500. 3. June 30 Issue shares of common stock in exchange for $5,000 cash. 4. August 1 Pay salaries of $8,500 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,500. 6. October 19 Purchase equipment for $6,500 cash. 7. December 30 Pay $1,000 cash dividends to stockholders. The following Information is available for the adjusting entries. Accrued salaries at year-end amounted to $17,000. Depreciation for the year on the equipment is $3,500. Office supplies remaining on hand at the end of the year equal $1,200. Income Requirement General Journal General Ledger Trial Balance Statement Balance Sheet 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 7). Review the General Ledger and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal tab (these are shown as items 8-10). Chec 1 4. August 1 Pay salaries of $8.500 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,500. 6. October 19 Parehase equipment for $6.500 canh. 7. December 30 Pay $1,000 canh dividends to stockholders. The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $17,000. Depreciation for the year on the equipment is $3,500. Office supplies remaining on hand at the end of the year equal $1,200 ook Requirement General General Income Trial Balance Ledger Journal Statement Balance Sheet 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as Items 1 - 7). Review the "General Ledger and the Trial Balance' tabs to see the effect of the transactions on the account balances 2. Record the adjusting entries in the 'General Journal' tab (these are shown as items 8-10). 3. Review the adjusted Trial Balance' as of December 31, 2021. 4. Prepare an income statement for the period ended December 31, 2021, in the 'Income Statement tab. 5. Prepare a classified balance sheet as of December 31, 2021 in the Balance Sheet' tab. 6. Record the closing entries in the General Journal" tab (these are shown as Items 11-13). Roger General Journal > General General Income Requirement Trial Balance Balance Sheet Journal Ledger Statement Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8. 13 Record the providing of services to customers, $45,000, of which $19,500 is on account. Note: Enter debits before credits General Journal Debit Credit Date March 12 Record entry Clear entry View general Journal Prey 1 of 2018 Next > MacBook Air General Ledger General Journal Trial Balance Income Statement Balance Sheet Requirement Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted General Ledger Account Cash Accounts Receivable Debit Credit No. No. Debit Credit Date January 01 Balance 12,500 Date January 01 Balance 6,500 Supplies Equipment No. Credit Debit No. Debit Credit Date January 01 Balance 2,500 Date January 01 Balance 17,500 Salaries Payable Debit Credit Accumulated Depreciation Date Debit Credit January 01 No. No. Balance 6,000 Date January 01 Balance 8,500 Common Stock Retained Earnings Debit Credit No. Debit Credit No Date January 01 Balance 17,500 Date January 01 Balance 7.000 Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet The ending balance values from the General Ledger tab flows through to the Trial Balance below. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Red Storm Cleaners Trial Balance December 30, 2021 Account Title Debit Credit Cash $ 12,500 Accounts Receivable 6,500 Supplies 2,500 Equipment 17,500 Accumulated Depreciation 6,000 Salaries Payable 8,500 Common Stock 17,500 Retained Earnings 7.000 Total 39,000 S 39,000 220 General General Income Requirement Trial Balance Journal Ledger Balance Sheet Statement Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Red Storm Cleaners Income Statement For the Year Ended December 31, 2021 Revenues: Total Revenues Expenses Total Expenses