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Hello guys, can someone help me with the required The following is a summary of the transactions for the year: a. Sales of services, $100,000,

Hello guys, can someone help me with the required image text in transcribed
The following is a summary of the transactions for the year: a. Sales of services, $100,000, of which $30,000 was on credit. 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). e.Paid miscellaneous expenses, $24,000 in cash. f. Purchased equipment for $15,000 in cash. g. Paid $2, 500 in cash dividends to shareholders. Set up the necessary T-accounts and center the beginning balances from the trial balance. Prepare a general journal enter for each of the summary transactions listed above. Post the journal entries to the accounts. Prepare an unadjusted trial balance. Prepare and post adjusting journal entries. Accrued salaries at year-end amounted to $1,000. Depreciation for the year on the equipment is $2,000. Prepare an adjusted trial balance. Prepare an income statement for 2016 and a balance sheet as of December 31, 2016. Prepare and post closing entries. Prepare a post-cosine trial balance

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