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 1. January 24 2. March 13 Debits 3. May 6 4. June 30 5. September 15 6. November 24 7. December 30 $4,200 9,200 3,200 30,000 The following is a summary of the transactions for the year: $46,600 Credits $6,800 4,800 5,800 0 20,000 9,200 $46,600 Provide health services for cash, $17,000, and on account, $62,000. Collect on accounts receivable, $50,000. Issue shares of common stock in exchange for $11,000 cash. Pay salaries for the current year, $32,400. Pay utilities of $5,800 from 2023 (prior year). Receive cash in advance from customers, $8,800. Pay $2,400 cash dividends to stockholders. A 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 $6,800. Supplies remaining on hand at the end of the year equal $1,100. Of the $8,800 paid in advance by customers, $6,400 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $6,600. 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.

2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Depreclation for the year on the machinery is $6,800 Supplies remaining on hand at the end of the year equal $1,100 Or the $8,800 paid in advance by customers, $6,400 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to 56,600 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., 8 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 Complete this question by entering your answers in the tabs below. Prepare the income statement for the year ended December 31, 2024. 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Depreclation for the year on the machinery is $6,800 Supplies remaining on hand at the end of the year equal $1,100 Or the $8,800 paid in advance by customers, $6,400 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to 56,600 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., 8 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 Complete this question by entering your answers in the tabs below. Prepare the income statement for the year ended December 31, 2024