The general ledger of Red Storm Cleaners at January 1, 2015, 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: a.  Sales of services, $48,000, of which $19,800 is on account. b.  Collect on accounts receivable, $16,800. c.  Issue shares of common stock in exchange for $5,000 cash. d.  Pay salaries, $24,800 (of which $7,900 is for salaries payable in 2014). e.  Pay repairs and maintenance expenses, $11,800. f.  Purchase equipment for $6,800 cash. g.  Pay $1,000 cash dividends to stockholders. Record the service revenue for the year. Record the collection of accounts receivable. Record the service revenue for the year. Record the collection of accounts receivable. Record the issuance of additional stock. Record the service revenue for the year. Record the collection of accounts receivable. Record the issuance of additional stock. Record the payment of salaries Record the service revenue for the year. Record the collection of accounts receivable. Record the issuance of additional stock. Record the payment of salaries. Record repairs and maintenance expense. Record the service revenue for the year. Record the collection of accounts receivable. Record the issuance of additional stock. Record the payment of salaries. Record repairs and maintenance expense. Record the purchase of equipment. Record the service revenue for the year. Record the collection of accounts receivable. Record the issuance of additional stock. Record the payment of salaries. Record repairs and maintenance expense. Record the purchase of equipment. Record the payment of cash dividends. Record repairs and maintenance expense. Record repairs and maintenance expense. .

1. The general ledger of Red Storm Cleaners at January 1, 2015,
includes the following account balances:
Accounts
Debits
Credits
Cash
$
14,000
Accounts Receivable
6,800
Supplies
2,800
Equipment
16,000
Accumulated Depreciation

2. $
5,400
Salaries Payable
7,900
Common Stock
19,000
Retained Earnings
7,300
Totals
$
39,600
$
39,600

3. The following is a summary of the transactions for the year:
a.
Sales of services, $48,000, of which $19,800 is on account.
b.
Collect on accounts receivable, $16,800.
c.
Issue shares of common stock in exchange for $5,000 cash.
d.
Pay salaries, $24,800 (of which $7,900 is for salaries payable in
2014).
e.
Pay repairs and maintenance expenses, $11,800.
f.
Purchase equipment for $6,800 cash.
g.
Pay $1,000 cash dividends to stockholders.
Record the service revenue for the year.
Record the collection of accounts receivable.
Record the service revenue for the year.
Record the collection of accounts receivable.
Record the issuance of additional stock.
Record the service revenue for the year.
Record the collection of accounts receivable.
Record the issuance of additional stock.
Record the payment of salaries
Record the service revenue for the year.
Record the collection of accounts receivable.
Record the issuance of additional stock.
Record the payment of salaries.

4. Record repairs and maintenance expense.
Record the service revenue for the year.
Record the collection of accounts receivable.
Record the issuance of additional stock.
Record the payment of salaries.
Record repairs and maintenance expense.
Record the purchase of equipment.
Record the service revenue for the year.
Record the collection of accounts receivable.
Record the issuance of additional stock.
Record the payment of salaries.
Record repairs and maintenance expense.
Record the purchase of equipment.
Record the payment of cash dividends.
Record repairs and maintenance expense.
Record repairs and maintenance expense.