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My answer is partially incorrect and is also missing information. Please help
Problem 3-8A Part 2 2. Record each of the summary transactions listed above. (If no entry is required for a particular transaction, select No journal entry required in the first account field.) &Answer is not complete. No Transaction General Journal Debit Credit Service revenue 45,000 a. 2 b. Accounts receivable 3 9,500 c. Common stock 22,500 d. Salaries expense 8,500 Salaries payable Repairs and maintenance expense Equipment 9,500 11,500 24,000 1,000 e. g. Dividends Check my work
[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: Debits Credits Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retalned Earmings $12,500 6,500 2,500 17,500 $ 6,000 8,500 17,500 7000 $39,000 $39,000 The following is a summary of the transactions for the year 8. Merch 12 Provide services to customers, $45,000, of which $19,500 is on account b. May 2 Collect on accounts recelvable, $16,500 c June 30 Issue shares of common stock In exchange for $5,000 cash. d. August 1 Pay solaries, $24,500 (of which $8,500 lis for salaries payable in 2017) e September 25 Pay repairs and maintenance expenses, $11,500 October 19 Purchose equipment for $6,500 cash g December 30 Pay $1,000 cash dividends to stockholders h. Accrued salaries at year end amounted to $1000. Deprecletion for the yeer on the equioment is $3,500. Office supplies remaining on hand at the end of the year equal $1200
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Answer #1
Journal entries:
S.no. Date Accounts title and explanations Debit $ Credit $
a. 12.03. Cash account 25500
Accounts receivable 19500
   Service revenue 45000
(for service performed)
b. 02.05. Cash account 16500
    Accounts receivable 16500
(for cash received on accounts receivable)
c. 30.06. Cash account 5000
    Common Stock capital 5000
(for stock issued)
d. 01.08. Salaries payable 8500
Salaries expenses 16000
   Cash account 24500
(for cash paid for salaries)
e. 25.09. Repairs and maintenance expenses 11500
     Cash account 11500
(for repairs charges paid)
f. 19.10. Equipment Account 6500
      Cash account 6500
(for equipment purchased for cash)
g. 30.12. Dividend account 1000
     Cash account 1000
(for dividend paid)
h. 31.12. Salaries expenses 1000
   Salaries payable 1000
(for salaries accrued)
31.12. Depreciation expenses 3500
    Accumulated depreciation 3500
(for depreciation charged)
31.12. Supplies expense Account 1300
    Supplies (2500-1200) 1300
(for supplies consumed)
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