where are the t-accounts charts? that literally the first partto this problem.
The general ledger of Red Storm Cleaners at January 1, 2018,includes the following account balances:
| Accounts | Debits | Credits |
| Cash | $ | 14,000 | | | | |
| Accounts Receivable | | 6,800 | | | | |
| Supplies | | 2,800 | | | | |
| Equipment | | 16,000 | | | | |
| Accumulated Depreciation | | | | $ | 5,400 | |
| Salaries Payable | | | | | 7,900 | |
| Common Stock | | | | | 19,000 | |
| Retained Earnings | | | | | 7,300 | |
| | | | | | |
| Totals | $ | 39,600 | | $ | 39,600 | |
| | | | | | |
|
The following is a summary of the transactions for the year:
- March 12 Provide services to customers, $48,000, of which$19,800 is on account.
- May 2 Collect on accounts receivable, $16,800.
- June 30 Issue shares of common stock in exchange for $5,000cash.
- August 1 Pay salaries, $24,800 (of which $7,900 is for salariespayable in 2017).
- September 25 Pay repairs and maintenance expenses,$11,800.
- October 19 Purchase equipment for $6,800 cash.
- December 30 Pay $1,000 cash dividends to stockholders.
- Accrued salaries at year-end amounted to $1,000. Depreciationfor the year on the equipment is $3,800. Office supplies remainingon hand at the end of the year equal $1,200.
1. Enter the unadjusted balances from the trial balance and postthe adjusting entries to the T-accounts, and post the closingentries to the T-accounts.
