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ACCOUNTING CYCLE: TEST 1. PART A A Prepare an adjusted trial bolance. OUNTING CYCLE: TEST I-PART A (B) the generat ledger of Alled Heaith at January 1, 2024, inciudes the following account balances The following is a summary of the transactions for the year: 1. January 24 Provide health services for cash, \$17,eee, and on account, \$62, 000 , 2. March 13 collect on accounts receivable, $50,000. 3. Nay 6 Issue shares of common stock in exchange for $11, eee cash. 4. June 30 pay salaries for the current year, $32,400. 5. Septesber 15 pay utilities of $5,600 froe 2023 (prior year). 6. Novenber 24 Recelve cash in advance fron customers, $8,000. 7. Decenber 30 pay $2,40e cash dividends to stockholders. Required: 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Depreciation for the year on the machinery is $6,800. Supplies remaining on hand at the end of the yeat equal $1,100. Or the $8,800 paid in advance by customers, $6,400 of the work has been completed by the end of the year Accrued utilities at year-end amounted to $6,600. 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 baiances 11. Prepare a post-closing trial balance