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The general ledger of Red Storm Cleaners at January 1, 2024, includes the following account balances: The following is a summary of the transactions for the year: 1.March12.Provideservicestocustoeers,$60,000,ofwhich$21,000inonaccount.2.May23.June304.Nugust15.September25Payrepairsandmaintenanceexpenses,$13,000.6.October197.December30Collectonaceountsreceivable,$18,000,Issuesharesofcommonstockinexchangefor$6,000eanh.Paysalariesof$7,500from2023(prioryear).Purehaseequipmentfor$8,000canh.Pay$1,100canhdividendstostoekholdera. 1. March 12. Provide servicen to custoeers, $60,000, of which $21,000 in on account. 2. May 2 3. June 30 Collect on accounts receivable, $18,000. 4. August 1 Issue shares of common btock in exchange for $6,000 eanh. 5. September 25 Pay salaries of $7,500 from 2023 (prior year). 5. September 25 Pay repairs and maintenanee expenses, $13,000. 6. October 19 Purchase equipment for $8,000 eash. 7. December 30 Pay $1,100 cash dividends to stoekholdera. The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $5,000. Office supplies remaining on hand at the end of the year equal $1,200. 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 to 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 to 10 ). 3. Review the adjusted 'Trial Balance' as of December 31, 2024. 4. Prepare an inceme statement for the period ended December 31, 2024, in the 'Income Statement' tab. 5. Prepare a classified balance sheet as of December 31, 2024 in the 'Balance Sheet' tab. 6. Rernnt the rinsino entries in the 'General lourmal' tah (these are shown as items 11 to 13 ) Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the services provided to customers, $60,000, of which $21,000 is on account. Note: Enter debits before credits. uritain at ure ertu or ure yeal eyuai \$1,zuv. Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection

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