Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation. Salaries Payable Common Stock Retained Earnings Debita $ 12,000 6,400 2,400 18,000 Credits: $ 6,200 8,700 17,000 6,900 $38,800 $38,800 Totals The following is a summary of the transactions for the year: 1. March 12 2. May 2 3. June 30 4. August 1 5. September 25 6. October 19 7. December 30 Required: Provide services to customers, $44,000, of which $19,400 is on account. Collect on accounts receivable, $16,400. Issue shares of common stock in exchange for $6,000 cash. Pay salaries of $8,700 from 2023 (prior year). Pay repairs and maintenance expenses, $11,400. Purchase equipment for $6,400 cash. Pay $1,100 cash dividends to stockholders. 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $3,400. Office supplies remaining on hand at the end of the year equal $1,000. 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.