Homework Seved The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balance Credits Debits 33,200 10,500 16,000 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 4,800 6,250 41,500 2,150 59,700 59,700 The following is a summary of the transactions for the year: a. Service revenue, $104,000, of which $31,200 was on account and the balance was received in cash. b. Collected on accounts receivable, $22,300, c. Issued shares of common stock in exchange for $8.000 in cash. d. Pald salaries, $37750 (of which $6,250 was for salaries payable at the end of the prior year) e. Pald miscellaneous expense for various items, $20,400 f. Purchased equipment for $10,500 in cash g. Paid $2.475 in cash dividends to shareholders. 1. Accrued salaries at year-end amounted to $755. 2. Depreciation for the year on the equipment is $1,600. Required: 2., 5, & 8. Prepare the summary, adjusting and closing entries for each of the transactions listed. 3. Post the transactions, adjusting and closing entries into the appropriate t-accounts. 4. Prepare an unadjusted trial balance