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this is for the adjusted trail balance presented in the closing entries Required information The general ledger of Red Storm Cleaners at January 1, 2021,
this is for the adjusted trail balance presented in the closing entries
Required information 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, $58,609, of which 520,800 is on account. 2. May 2 Collect on accounts receivable, $17,800. 3. June 30 Issue shares of comon stock in exchange for 54 , eee cash. 4. August 1 Pay salaries of $6,600 from 202e (prior year). 5. September 25 Pay repairs and naintenance expenses, $12, see. 6. October 19 Purchase equipment for $7,80e cash. 7. December 30 Pay $1,2ee cash dividends to stockholders. Record closing entries. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first ccount field.) Required information 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, $58,609, of which 520,800 is on account. 2. May 2 Collect on accounts receivable, $17,800. 3. June 30 Issue shares of comon stock in exchange for 54 , eee cash. 4. August 1 Pay salaries of $6,600 from 202e (prior year). 5. September 25 Pay repairs and naintenance expenses, $12, see. 6. October 19 Purchase equipment for $7,80e cash. 7. December 30 Pay $1,2ee cash dividends to stockholders. Record closing entries. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first ccount field.) Step by Step Solution
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