FIVE(28 marks) The general ledger of Karpet Kleaners at January 1,2010, includes the following account balances: Account title Credits Debits Cash $15000 Account receivable 7000 Office supplies 3000 Equipment 10000 Accumulate depreciation Salaries payable Common stock Retained earning Totals 35000 The following is a summary of the transactions for the year: $3000 5000 20000 7000 35000 b. collect on accounts receivable, $17000. a. sales of services, $50000, of which $20000 is on account. Issue shares of common stock in exchange for $5000 cash. C. d. Pay salaries, $25000( of which $5000 is for salaries payable in 2009). e. f. Pay miscellaneous expense, $12000. Purchase equipment for $7000 cash g. Pay $1000 cash dividends to stockholders. Required: 1. Set up the necessary T-accounts and enter the beginning balances from the trial balance. In addition to the accounts shown, the company also has accounts for service revenue, dividends, salaries expense, miscellaneous expense, depreciation expense, and office supplies expense. 2. Record each of the summary transactions listed above. 3. Post transactions to the accounts. 4. Prepare an unadjusted trial balance