1 The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Account Title Debits Credits 31,400 Cash Accounts receivable 13,500 Equipment 22,000 Accumulated depreciation 6,600 Salaries payable 7,750 Common stock 44,500 Retained earnings 8,050 Total 66,900 66,900 The following is a summary of the transactions for the year: a. Service revenue, $116,000, of which $34,800 was on account and the balance was received in cash. b. Collected on accounts receivable, $24,100. c. Issued shares of common stock in exchange for $11,500 in cash. d. Paid salaries, $42,250 (of which $7,750 was for salaries payable at the end of the prior year). e. Paid miscellaneous expense for various items, $22,800. f. Purchased equipment for $13,500 in cash. g. Paid $2,800 in cash dividends to shareholders. 1. Accrued salaries at year-end amounted to $845. 2. Depreciation for the year on the equipment is $2,200. 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. Complete this question by entering your answers in the tabs below.