Question

The general ledger of Red Storm Cleaners at January 1, 2018, includes the following account balances: The following is a summary of the transactions for the year: The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $1,000. Depreciation for the year on the equipment is $4, 300. Office supplies remaining on hand at the end of the year equal $1,000. Prepare the journal entries for transactions. If no entry is required for a transaction/event, select “No journal entry required” in the first account field.