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

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

1.		March		12		Provide services to customers, $60,000, of which $21,000 is on account.
2.		May		2		Collect on accounts receivable, $18,000.
3.		June		30		Issue shares of common stock in exchange for $6,000 cash.
4.		August		1		Pay salaries of $7,500 from 2020 (prior year).
5.		September		25		Pay repairs and maintenance expenses, $13,000.
6.		October		19		Purchase equipment for $8,000 cash.
7.		December		30		Pay $1,100 cash dividends to stockholders.

The following information is available for the adjusting entries.

Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $5,000. Office supplies remaining on hand at the end of the year equal $1,200.

Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Debits credits Accounts Cash $20,000 8,000 4,000 15,000 Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable 5,000 7,500 25,000 9,500 Common Stock Retained Earnings $47,000 $47,000 Totals General Journal No Date Debit Credit 1 March 12 Cash 39,000 Accounts Receivable 21,000 Service Revenue 60,000 May 02 2 Cash 18,000 Accounts Receivable 18,000 3 June 30 Cash 6,000 Common Stock 6,000 August 01 Salaries Payable 4 6,000 6,000 x Cash September 25 5 Repairs and Maintenance Expense 13,000 Cash 13,000 Equipment 6 October 19 8,000 Cash 8,000 Dividends 7 December 30 1,100 Cash 1.100 Salaries Expense December 31 19,600 Accumulated Depreciation December 31 5,000 Supplies December 31 1,200 11 December 31 Cash 0 Service Revenue 60,000 December 31 12 X X X X 13 December 31 Cash 0 10