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h. Accrued salarles at year-end amounted to $830. i. Depreciation for the year on the equipment is $2,100. Required: 1 to 3. Prepare a general
h. Accrued salarles at year-end amounted to $830. i. Depreciation for the year on the equipment is $2,100. Required: 1 to 3. Prepare a general journal entry for each of the summary transactions listed. Record beginning balances in the T-accounts the T-accounts tab). Post the journal entries to the T-accounts. 4. Using the T-account balances, prepare an unadjusted trial balance. 5. Prepare adjusting journal entries using the additional information provided. Post to the T-accounts (on the T-accounts tab). 6 . Using the adjusted T-account balances, prepare an adjusted trial balance. 7-a. Prepare an income statement for 2024. 7-b. Prepare a balance sheet as of December 31,2024 8. Prepare closing entries, and then post to the T-accounts (on the T-accounts tab). 9. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. The general ledger of the Karlin Company, a consulting company, at January 1, 2024, contained the following account balances: The following is a summary of the transactions for the year: a. Provided services. $114,000, of which $34,200 was on account and the balance was recelved in cash. b. Collected on accounts recelvable, $23,800. c. Issued shates of common stock in exchange for $11,000 in cash d. Paid salarles, $41,500 (of which $7,500 was for salaries payable at the end of the prior year) e. Paid miscellaneous expense for varlous items, $22,400. f. Purchased equipment for $13,000 in cash g. Pald $2,750 in cash dividends to shareholders: Additional information: h. Accrued salaries at year-end amounted to $830 1. Depreciation for the year on the equipment is $2,100. Required: 1 to 3. Prepare a general journal entry for each of the summary transactions listed. Record beginning batances in the T-accounts fon . the Taccounts tab). Post the journal entries to the T-accounts. 4. Using the T-account balances, prepare an unadjusted triar bolance. 5. Prepare adjusting Journal entries using the additional information provided. Post to the T-accounts (on the T-accounts tab). Prepare a post-closing trial balance
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