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The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation

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The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals Debits $12,800 6,400 2,400 18,000 $ 6, 20e 8,700 17,000 6,900 $38,800 $38,800 The following is a summary of the transactions for the year: 1. Harch 12 provide services to customers, $44,000, of which $19,44 is on account. 2. May 2 Collect on accounts recelvable, $16,400. June 30 Issue shares of connon stock in exchange for 56,000 cash. 4. August 1 Pay salaries of 58,700 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,400. 6. October 19 Purchase equipment for $6,400 cash. 7. December 30 Pay $1,100 cash dividends to stockholders. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 7). Review the "General Ledger and the Trial Balance' tabs to see the effect of the transactions on the account balances 2. Record the adjusting entries in the 'General Journal tab (these are shown as items 8-10). 3. Review the adjusted Trial Balance' as of December 31, 2021 4. Prepare an income statement for the period ended December 31, 2021, in the 'Income Statement tab. 5. Prepare a classified balance sheet as of December 31, 2021 in the Balance Sheet' tab. 6. Record the closing entries in the 'General Journal tab (these are shown as items 11-13) General Joumal > Journal entry worksheet 2 3 4 ch 5 6 7 8 ... 13 Record the providing of services to customers, $44,000, of which $19,400 is on account. Note: Enter debits before credits. General Journal Debit Credit Date March 12 N transaction list ournal entry worksheet 1 E. 6 7 8 Thi 9 10 11 Record the adjusting entry for salaries. ote: Enter debits before credits. Prey 5 of View transaction list Journal entry worksheet Journal entry worksheet 2 3 4 ch 5 6 7 8 ... 13 Record the providing of services to customers, $44,000, of which $19,400 is on account. Note: Enter debits before credits. General Journal Debit Credit Date March 12 N transaction list ournal entry worksheet 1 E. 6 7 8 Thi 9 10 11 Record the adjusting entry for salaries. ote: Enter debits before credits. Prey 5 of View transaction list Journal entry worksheet

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