The general ledger of Red Storm Cleaners at January 1, 2015, includes the following account balances:

Accounts	Debits			Credits
Cash	$	13,500
Accounts Receivable		6,700
Supplies		2,700
Equipment		16,500
Accumulated Depreciation				$	5,600
Salaries Payable					8,100
Common Stock					18,500
Retained Earnings					7,200
Totals	$	39,400		$	39,400

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

a.	Sales of services, $47,000, of which $19,700 is on account.
b.	Collect on accounts receivable, $16,700.
c.	Issue shares of common stock in exchange for $6,000 cash.
d.	Pay salaries, $24,700 (of which $8,100 is for salaries payable in 2014).
e.	Pay repairs and maintenance expenses, $11,700.
f.	Purchase equipment for $6,700 cash.
g.	Pay $1,100 cash dividends to stockholders.

2. Record each of the summary transactions listed above.

4. Prepare an unadjusted trial balance.

Record adjusting entries. Accrued salaries at year-end amounted to $1,100. Depreciation for the year on the equipment is $3,700. Office supplies remaining on hand at the end of the year equal $1,000. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2015. 8-b. Prepare the classified balance sheet for the year ended December 31, 2015. 9. Record closing entries. 11. Prepare a post-closing trial balance.