Problem 3-8A Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.] The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances: Accounts Debits Credits $13,000 Cash Accounts Receivable 6,600 2,600 17,000 Supplies Equipment Accumulated Depreciation Salaries Payable $ 5,800 8,300 Common Stock 18,000 Retained Earnings 7,100 $39,200 $39,200 Totals The following is a summary of the transactions for the year a. March 12 Provide services to customers, $46,000, of which $19,600 is on account. b. May 2 Collect on accounts receivable, $16,600. c. June 30 Issue shares of common stock in exchange for $4,000 cash d. August 1 Pay salaries, $24,600 (of which $8,300 is for salaries payable in 2017). e. September 25 Pay repairs and maintenance expenses, $11,600. f. October 19 Purchase equipment for $6,600 cash. g.December 30 Pay $1,200 cash dividends to stockholders h.Accrued salaries at year-end amounted to $1,200. Depreciation for the year on the equipment is $3,600. Office supplies remaining on hand at the end of the year equal $1,100. 2. Record each of the summary transactions listed above. (lf no entry is required for a particular transaction, sele field.) View transaction list Journal entry worksheet 1 2 3 4 6 7 Record the service revenue for the year. Note: Enter debits before credits. Transaction General Journal Debit Credit . Record entry Clear entry View general journal