The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $16,000 Accounts Receivable 7,200 Supplies 3,200 Equipment 11,000 Accumulated Depreciation $ 3,400 Salaries Payable 5,400 Common Stock 21,000 Retained Earnings 7,600 Totals $37,400 $37,400 The following is a summary of the transactions for the year: 1. March 2. May 12 Provide services to customers, $52,000, of which $20, 200 is on account. 2 Collect on accounts receivable, $17,200. 3. June 30 Issue shares of common stock in exchange for $4,000 cash. 4. August 1 Pay salaries of $5,400 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $12,200. 6. October 19 Purchase equipment for $7,200 cash. 7. December 30 Pay $1,200 cash dividends to stockholders. Required: 1., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances