Question

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

Answer 1

Solution:

Cash
Date	Debit	Credit	Date
Beg. Bal.	$20,000.00	$7,500.00	1-Aug
12-Mar	$39,000.00	$13,000.00	25-Sep
2-May	$18,000.00	$8,000.00	19-Oct
30-Jun	$6,000.00	$1,100.00	30-Dec
End Bal	$53,400.00

Acccounts receivables
Date	Debit	Credit	Date
Beg. Bal.	$8,000.00	$18,000.00	2-May
12-Mar	$21,000.00
End Bal	$11,000.00

Supplies
Date	Debit	Credit	Date
Beg. Bal.	$4,000.00
End Bal	$4,000.00

Equipment
Date	Debit	Credit	Date
Beg. Bal.	$15,000.00
19-Oct	$8,000.00
End Bal	$23,000.00

Accumulated Depreciation
Date	Debit	Credit	Date
		$5,000.00	Beg. Bal.
		$5,000.00	End Bal

Salaries Payable
Date	Debit	Credit	Date
1-Aug	$7,500.00	$7,500.00	Beg. Bal.

Common stock
Date	Debit	Credit	Date
		$25,000.00	Beg. Bal.
		$6,000.00	30-Jun
		$31,000.00	End Bal

Retained Earnings
Date	Debit	Credit	Date
31-Dec	$1,100.00	$9,500.00	Beg. Bal.
		$47,000.00	31-Dec
		$55,400.00	End Bal

Service revenue
Date	Debit	Credit	Date
31-Dec	$60,000.00	$60,000.00	12-Mar

Repair and maintenance expenses
Date	Debit	Credit	Date
25-Sep	$13,000.00	$13,000.00	31-Dec

Dividends
Date	Debit	Credit	Date
30-Dec	$1,100.00	$1,100.00	31-Dec

Income Summary
Date	Debit	Credit	Date
31-Dec	$13,000.00	$60,000.00	31-Dec
31-Dec	$47,000.00