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

Accounts

Debits

Credits

Cash

$

14,500

Accounts Receivable

6,900

Supplies

2,900

Equipment

15,500

Accumulated Depreciation

$

5,200

Salaries Payable

7,700

Common Stock

19,500

Retained Earnings

7,400

Totals

$

39,800

$

39,800

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

1.

March

12

Provide services to customers, $49,000, of which $19,900 is on account.

2.

May

2

Collect on accounts receivable, $16,900.

3.

June

30

Issue shares of common stock in exchange for $4,000 cash.

4.

August

1

Pay salaries of $7,700 from 2020 (prior year).

5.

September

25

Pay repairs and maintenance expenses, $11,900.

6.

October

19

Purchase equipment for $6,900 cash.

7.

December

30

Pay $1,200 cash dividends to stockholders.

The following information is available for the adjusting entries.

Accrued salaries at year-end amounted to $18,400. Depreciation for the year on the equipment is $3,900. Office supplies remaining on hand at the end of the year equal $1,100.