The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $ 17,500 7,500 3,500 12,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 4,000 6,000 22,500 8,500 $ 41,000 $41,000 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $55,000, of which $20,500 is on account. 2. May 2 Collect on accounts receivable, $17,500. 3. June 30 Issue shares of common stock in exchange for $4,000 cash. 4. August 1 Pay salaries of $6,000 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $12,500. 6. October 19 Purchase equipment for $7,500 cash. 7. December 30 Pay $1,200 cash dividends to stockholders. Fequired: ., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. Cash Accounts Receivable Beg. Bal. Beg. Bal. May 02 17,500 End. Bal. 17,500 End. Bal. Supplies Equipment Beg. Bal. Beg. Bal. End. Bal. End. Bal. Accumulated Depreciation Salaries Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. 0 Common Stock Retained Earnings Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Service Revenue Dividends Beg. Bal. Beg. Bal. Salaries Expense Repairs and Maintenance Expense Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Depreciation Expense Supplies Expense Beg. Bal. Beg. Bal. December 31 End. Bal. 0 End. Bal. 0