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Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the...

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Accounting

Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Cash Debits $20,000 Credits Accounts Receivable 8,000 Supplies 4,000 Equipment 15,000 Accumulated Depreciation $ 5,000 Salaries Payable Common Stock Retained Earnings Totals 7,500 25,000 9,500 $47,000 $47,000 The following is a summary of the transactions for the year: 1. March 2. May 3. June 4. August 12 Provide services to customers, $60,000, of which $21,000 is on account. 2 Collect on accounts receivable, $18,000. 30 Issue shares of common stock in exchange for $6,000 cash. 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. 4. Prepare an unadjusted trial balance. Accounts Cash Accounts Receivable Supplies Equipment RED STORM CLEANERS Unadjusted Trial Balance December 31, 2021 Debit Credit Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Repairs and Maintenance Expense Depreciation Expense Supplies Expense Totals

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