1 The general ledger of Allied Health at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals Debits $4,400 9,400 3,400 34,000 3. May 6 4. June 30 $51,200 The following is a summary of the transactions for the year: 1. January 24 2. March 13 Credits $7,600 5,600 6,600 0 22,000 9,400 $51,200 Provide health services for cash, $19,000, and on account, $64,000. Collect on accounts receivable, $52,000. Issue shares of common stock in exchange for $12,000 cash. Pay salaries for the current year, $32,800. Pay utilities of $6,600 from 2023 (prior year). Receive cash in advance from customers, $9,600. 5. September 15 6. November 24 7. December 30 Pay $2,800 cash dividends to stockholders. Required: 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Depreciation for the year on the machinery is $7,600. Supplies remaining on hand at the end of the year equal $1,200. Of the $9,600 paid in advance by customers, $6,800 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $6,200. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2024. 8-b. Prepare the classified balance sheet for the year ended December 31, 2024. 9. Record closing entries. 1., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 11. Prepare a post-closing trial balance.

The general ledger of Alled Health at Janvary 1,2024, includes the following account balances: The following is a summary of the transactions for the year: 1. January 24 Provide health services for cash, \$19, eee, and on account, \$64,eoe. 2. March 13 Collect on accounts receivable, $52, eoo. 3. May 6 issse shares of conmon steck in exchange for $12,009 cash. 4. June 30 Pay salaries for the current year, $32, abe. 5. Septenber 15 Pay utilities of 56,660 fron 2023 (prior year). 6. Novenber 24 Receive cash in advance fron custoners, 59,600. 7 . Decenber 30 pay $2,g3 cash dividends to stockholders. Requilred: 2. Record each of the summary transactions lsted abowe. 4. Prepare an unadusted trial balance. 5. Record adjusting entries. Depreciation for the year on the machinery is $7,600. Supplies romaining on hand at the end of the year equal $1,200. Of the $9,600 paid in advance by customers, $6,800 of the work has been completed by the end of the year. Accrued utities at year-end amounted to $6,200 7. Prepare an adjusted trial balance. B-a. Prepare the income statement for the year ended December 3t, 2024 8-b. Prepare the classified balance sheet for the year ended December 31,2024 9. Record closing entries 1., 3, 6. \& 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balonces. 11. Prepare a post-closing trial balance