Credits Debits $ 4,500 8,300 3,700 26,400 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 5,800 4,200 5,500 19,000 8,400 $42,900 $42,900 The following is a summary of the transactions for the year: a. Provide health services for cash, $18,000, and on account, $62,000. b. Collect on accounts receivable, $45,000. c. Issue shares of common stock in exchange for $12,000 cash. d. Pay salaries for the current year, $36,000. e. Pay utilities, $13,000, of which $5,500 represents costs for 2020. f. Receive cash in advance from customers, $7,000. g. Pay $3,000 cash dividends to stockholders. Required: 1. Enter the beginning balances of the general ledger accounts. 2. Record each of the summary transactions listed above. 3. Post the summary transactions. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Depreciation for the year on the equipment is $2,900. Supplies remaining on hand at the end of the year equal $1,200. Of the $7,000 paid in advance by customers, $4,000 of the work has been completed by the end of the year. 6. Post the adjusting entries. 7. Prepare an adjusted trial balance. 8a. Prepare the income statement for the year ended December 31, 2021. 8b. Prepare the classified balance sheet for the year ended December 31, 2021. 9. Record closing entries. 10. Post the closing entries. 11. Prepare a post-closing trial balance