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Please do every required The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Debits Credits

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The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Debits Credits 33,580 18,888 15,888 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total 4,500 6, Bee 41, eee 7. Bea 58,5ee 58,500 The following is a summary of the transactions for the year: .. Service revenue, $102,000. of which $30,600 was on account and the balance was received in cash. b. Collected on accounts receivable. $22.000. c. Issued shares of common stock in exchange for $7.500 in cash. d. Paid salaries. $37.000 (of which $6,000 was for salaries payable at the end of the prior year). e. Paid miscellaneous expense for various items, $20,000. f. Purchased equipment for $10,000 in cash. g. Paid $2.425 in cash dividends to shareholders. 1. Accrued salaries at year-end amounted to $740. 2. Depreciation for the year on the equipment is $1.500. 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. 8. Prepare an adjusted trial balance. 7-a. Prepare an income statement for 2021. 7-b. Prepare a balance sheet as of December 31, 2021. 9. Prepare a post-closing trial balance

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