2. The general ledger of the Karlin Company, a consulting company, at January 1, 2016, contained the following account balances

The following is a summary of the transactions for the year:

Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total Debits 30.000 15,000 20,000 65.000 Credits 6,000 9,000 40,500 9,500 65.000