Accounts Debits Credits 13 Cash $46, 500 Accounts Receivable 30, 700 Land 115 , 800 Accounts Payable $ 15 , 800 Notes Payable (due in 2 years) 35 , 000 Common Stock 105 , 000 88 Retained Earnings 37 , 200 points Totals $193, 000 $193 , 000 01:24:22 The following is a summary of the transactions for the year: 1. January 12 Provide services to customers on account, $67, 400. 2. February 25 Provide services to customers for cash, $77,800. eBook 3. March 19 Collect on accounts receivable, $46,200. 4. April 30 Issue shares of common stock in exchange for $35, 000 cash. Print 5. June 16 Purchase supplies on account, $13, 100. 6. July 7 Pay on accounts payable, $11, 800. References 7. September 30 Pay salaries for employee work in the current year, $69,200. 8. November 22 Pay advertising for the current year, $23,000. 9. December 30 Pay $3, 400 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,000 and will be paid January 1, 2025. Accrued salaries at year-end amounted to $2,000 and will be paid on January 5, 2025. Supplies remaining on hand at the end of the year equal $2,800. Required: 1. 3. 6. & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,000 and will be paid January 1, 2025. Accrued salaries at year-end amounted to $2,000 and will be paid on January 5, 2025. Supplies remaining on hand at the end of the year equal $2,800. 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. 11. Prepare a post-closing trial balance