The general ledger of red storm cleaners at january 1, 2018, includes the following account balances: accounts debits credits cash $ 20,000 accounts receivable 8,000 supplies 4,000 equipment 15,000 accumulated depreciation $ 5,000 salaries payable 7,500 common stock 25,000 retained earnings 9,500 totals $ 47,000 $ 47,000 the following is a summary of the transactions for the year: march 12 provide services to customers, $60,000, of which $21,000 is on account. may 2 collect on accounts receivable, $18,000. june 30 issue shares of common stock in exchange for $6,000 cash. august 1 pay salaries, $26,000 (of which $7,500 is for salaries payable in 2017). september 25 pay repairs and maintenance expenses, $13,000. october 19 purchase equipment for $8,000 cash. december 30 pay $1,100 cash dividends to stockholders. accrued salaries at year-end amounted to $1,100. depreciation for the year on the equipment is $5,000. office supplies remaining on hand at the end of the year equal $1,200. rev: 09_12_2016_qc_cs-60711 references section breakproblem 3-8a complete the full accounting cycle (lo3-3, 3-4, 3-5, 3-6, 3-7) 8.value: 1.00 pointsrequired information problem 3-8a parts 1, 3, 6 and 10required: 1., 3. 6. & 10. enter the unadjusted balances from the trial balance and post the adjusting entries to the t-accounts, and post the closing entries to the t-accounts.2. record each of the summary transactions listed above.4. prepare an unadjusted trial balance.5. record adjusting entries. problem 3-8a part 77. prepare an adjusted trial balance.8-a. prepare the income statement for the year ended december 31, 2018.8-b. prepare the classified balance sheet for the year ended december 31, 2018.9. record closing entriesproblem 3-8a part . prepare a post-closing trial balance.