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a general journal, Trial balance, income statement, and ballance sheet Problem...

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Accounting

a general journal, Trial balance, income statement, and ballance sheet
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Problem 3-8A Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) (GL) The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits d Debits $18, see 7,700 3,700 13,500 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 4,400 6,480 23,500 9,100 $43,400 $43,400 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, 557, eee, of which $2,700 is on account. 2. May 2 Collect on accounts receivable, $17,7ee. 3. June 30 Issue shares of common stock in exchange for $6,000 cash. 4. August 1 Pay salaries of $6,400 fron 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $12,700. 6. October 19 Purchase equipment for $7,78e cash. 7. December 30 Pay $1,180 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $20,400. Depreciation for the year on the equipment is $4.700. Office supplies remaining on hand at the end of the year equal $1,200

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