The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances:

9. Record closing entries.

Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $15,500 7,100 3,100 10,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 3,200 5,200 20,500 7,300 $36,200 $36,200 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $51,000, of which $20,100 is on account. 2. May 2 Collect on accounts receivable, $17,100. 3. June 30 Issue shares of common stock in exchange for $6,000 cash. 4. August 1 Pay salaries of $5,200 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $12,100. 6. October 19 Purchase equipment for $7,100 cash. 7. December 30 Pay $1,100 cash dividends to stockholders. 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the closing entry for revenue. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2021 Record entry Clear entry View general journal View transaction list Journal entry worksheet