Saved 0 Required information Problem 3-8A Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6,3-7) The general ledger of Red Storm Cleaners at January 1, 2021, includes the fllowing account balances nts Debits Credits 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 3,500 $47,000 $47,000 Totals The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, s60,000, of which $21,000 is on account. 2. May 3. June 4. August s. 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 Collect on accounts receivable, $18,000 30 Issue shares of common stock in exchange for $6,000 cash. 1 Pay salaries of $7,500 from 2020 (prior year)