ces The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Account Title Cash Debits 30,000 Credits Accounts receivable 15,000 Equipment 20,000 Accumulated depreciation 6,000 Salaries payable 9,000 Common stock 40,500 Retained earnings 9,500 Total 65,000 65,000 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. 1. Purchased equipment for $15,000 in cash. g. 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. Post the transactions, adjusting and closing entries Into the appropriate t-accounts. (Enter the letter of the transaction in the column next to the amount.) Cash Beg. bal. 30.000 ped Accounts Receivable Beg. bal 15,000 End. bal ook End bal rint Beg. bal Equipment 20,000 Accumulated Depreciation Beg. bal. 6,000 rences End. bal End. bal. Salaries Payable Common Stock Beg bal 0.000 Beg. bal 40,500 End bal End bal Retained Earnings Dividends Beg bal 9.500 Bog bal End. bal. End. bal. Retained Earnings Dividends Beg. bal. 9,500 Beg. bal. End. bal. End. bal. Service Revenue Miscellaneous expense Beg. bal. Beg. bal. End. bal. End. bal. Depreciation Expense Salaries Expense Beg. bal. Beg. bal. End. bal. End. bal. Reg.-2.5.anda