1. Business
  2. Accounting
  3. i am almost gotten everything just i am looking for...

Question: i am almost gotten everything just i am looking for...

Question details
I am almost gotten everything just I am looking for a which date
The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: DebitsCredita Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings $20,000 8,000 4,000 15,000 $ 5,000 7,500 25,000 9,500 47,000 47,000 Totals The following is a summary of the transactions for the year 1. March 12 Provide services to custoners, $60,000, of which 21,000 is on account. 2. Hay 3. June 4. August 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. 2 Colleet on accounte receivable, $18,000 30 Issue shares of common stock in exchange for $6,000 cash. Problem 3-8A Parts 1, 3, 6 and 10 Required: 1., 3., 6., &10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances
120 Beg Bal 12 8,000 21,000 June 30 18,000 3,000 8,000 1,100 7,500 18,000 39,000 rt 7 of 8 End. Bal 53,400 End. Bal. 11,000 Ints Equipment Supplies 4,000 eBook Beg. Bal. Beg. Bal 15,000 2,800 8,000 End Bal 1,200 End. Bal 23,000 Accumulated Depreciation Salaries Payable Beg. Bal. 5,000 Beg. Bal 7.500 7,500 19,600 End. Bal. 10,000 End. Ba. 19,600 Common Stock Retained Earnings Beg. Bal. 25,000 Beg. Bal 9,500
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution