The general ledger of Red Storm Cleaners at January 1, 2018,includes the following account balances:

   

Accounts	Debits			Credits
Cash	$	12,000
Accounts Receivable		6,400
Supplies		2,400
Equipment		18,000
Accumulated Depreciation				$	6,200
Salaries Payable					8,700
Common Stock					17,000
Retained Earnings					6,900
Totals	$	38,800		$	38,800

   

The following is a summary of the transactions for the year:

1. March 12 Provide services to customers, $44,000, of which$19,400 is on account.
2. May 2 Collect on accounts receivable, $16,400.
3. June 30 Issue shares of common stock in exchange for $6,000cash.
4. August 1 Pay salaries, $24,400 (of which $8,700 is for salariespayable in 2017).
5. September 25 Pay repairs and maintenance expenses,$11,400.
6. October 19 Purchase equipment for $6,400 cash.
7. December 30 Pay $1,100 cash dividends to stockholders.
8. Accrued salaries at year-end amounted to $1,100. Depreciationfor the year on the equipment is $3,400. Office supplies remainingon hand at the end of the year equal $1,000.

Required:

1., 3. 6. & 10. Enter the unadjustedbalances from the trial balance and post the adjusting entries tothe T-accounts, and post the closing entries to the T-accounts.

2. Record each of the summary transactionslisted above. (If no entry is required for a particulartransaction, select "No journal entry required" in the firstaccount field.)

4. Prepare an unadjusted trial balance.

5. Record adjusting entries. (If noentry is required for a particular transaction/event, select "Nojournal entry required" in the first account field.)

7. Prepare an adjusted trial balance.

8-a. Prepare the income statement for the yearended December 31, 2018.

9. Record closing entries. (If no entryis required for a particular transaction/event, select "No journalentry required" in the first account field.)

11. Prepare a post-closing trial balance.