1 The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Account Title Cash 10 Debits 38,000 Credits points Accounts receivable) 15,000 Equipment 20,000 Skipped Accumulated depreciation 6,000 Salaries payable 9,000 Common stock 40,500 Retained earnings 9,580 Total 65,000 65,000 elook Print References The following is a summary of the transactions for the year: a. Service revenue. $100,000, of which $30,000 was on account and the balance was received in cash. b. Collected on accounts receivable, $27,300. c. Issued shares of common stock in exchange for $10,000 in cash. d. Paid salaries, $50,000 (of which $9,000 was for salaries payable at the end of the prior year). e. Paid miscellaneous expense for various items, $24,000. f. Purchased equipment for $15,000 in cash. 9. Paid $2,500 in cash dividends to shareholders 1. Accrued salaries at year-end amounted to $1,000. 2 Depreciation for the year on the equipment is $2,000. Required: 2., 5, & 8. Prepare the summary, adjusting and closing entries for each of the transactions listed. 3. Post the transactions, adjusting and closing entries into the appropriate t-accounts 4. Prepare an unadjusted trial balance. 6. Prepare an adjusted trial balance. 7-a. Prepare an income statement for 2021 7-b. Prepare a balance sheet as of December 31, 2021 9. Prepare a post-closing trial balance. Che Journal entry worksheet 1 2 3 4 5 6 7 8 12 Sales of services, $100,000, of which $30,000 was on credit. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal