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

Accounts	Debits	Credits
Cash	$17,000
Accounts Receivable	$7,400
Supplies	$3,400
Equipment	$12,000
Accumulated Depreciation		$3,800
Salaries Payable		$5,800
Common Stock		$22,000
Retained Earnings		$8,200
Totals	$39,800	$39,800

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

a) Sales of services, $54,000, of which $20,400 is on account.

b) Collect on accounts receivable, $17,400

c) Issue shares of common stock in exchange of $6,000 cash.

d) Pay salaries, $25,400 (of which $5,800 is for salaries payable in 2014)

e) Pay repairs and maintenance expenses, $12,400.

f) Purchase equipment for $7,400 cash.

g) Pay $1,100 cash dividends to stockholders.

Required:

1) Record each of the summary transactions listed above.

2) Post the transaction to the accounts.

3) Prepare and unadjusted trial balance.

4) Record adjusting entries. Accrued salaries at year-end amounted to $1,100. Depreciation for the year on the equipment is $4,400. Office supplies remaining on hand at the end of the year equal $1,200.

5) Post adjusting entries.

6) Prepare an adjusted trial balance.

7) Prepare the income statement for the year ended December 31, 2015.

8) Prepare the classified balance sheet for the year ended December 31, 2015.

9) Record closing entries.

10) Post closing entries.

11) Prepare a post-closing trial balance.