Please help! I already did 1-4! I don't know what to do in requirements 5-9 please help me
The general ledger of Karlin Company, a consulting company at January 1,2022 , contained the following acrount halances. The following transactions took place during the month of January. 1/1 Karlin provided services to a client for $70,000 and collected cash 1/5 Karlin invested an additional $10,000 of cash in the business 1/10 Paid salaries of $10,000 1/15 Karlin provided services to a client for $30,000 on credit 1/18 Collected a customer accounts receivable of $10,000 1/20 Paid the utility bill of $1,000 1/22 Purchased a building paying $5,000 in cash and signing a notes payable for the $10,000 1/24 Paid rent of $5,000 1/28 Karlin withdrew $2,500 1/30 Purchased $1,500 of Supplies REQUIRMENTS 1. Set up the necessary T-accounts and enter the beginning balances from the trial balance 2. Prepare a general entry for each of the transactions 3. Post the journal entries to the accounts 4. Prepare an unadjusted trial balance 5. Prepare and post the following adjusting journal entries a. Accrued salaries at year-end amount to $2,000 b. Equipment is being depreciated using straight -line. Salvage value is $2,000 and the useful live is 60 months. c. A count of supplies at month end revealed $2,000 of supplies on hand d. One half of the unearned revenue had been earned during the month e. Karlin uses the % of receivable method to estimate bad debt expense. Karlin estimates that 4% of the year end accounts receivable will not be collected 6. Prepare an adjusted trial balance 7. Prepare an income statement, statement of owner's equity and balance sheet for January 31 , 2022. 8. Prepare and post closing entries 9. Prepare a post-closing trial balance The general ledger of Karlin Company, a consulting company at January 1,2022 , contained the following acrount halances. The following transactions took place during the month of January. 1/1 Karlin provided services to a client for $70,000 and collected cash 1/5 Karlin invested an additional $10,000 of cash in the business 1/10 Paid salaries of $10,000 1/15 Karlin provided services to a client for $30,000 on credit 1/18 Collected a customer accounts receivable of $10,000 1/20 Paid the utility bill of $1,000 1/22 Purchased a building paying $5,000 in cash and signing a notes payable for the $10,000 1/24 Paid rent of $5,000 1/28 Karlin withdrew $2,500 1/30 Purchased $1,500 of Supplies REQUIRMENTS 1. Set up the necessary T-accounts and enter the beginning balances from the trial balance 2. Prepare a general entry for each of the transactions 3. Post the journal entries to the accounts 4. Prepare an unadjusted trial balance 5. Prepare and post the following adjusting journal entries a. Accrued salaries at year-end amount to $2,000 b. Equipment is being depreciated using straight -line. Salvage value is $2,000 and the useful live is 60 months. c. A count of supplies at month end revealed $2,000 of supplies on hand d. One half of the unearned revenue had been earned during the month e. Karlin uses the % of receivable method to estimate bad debt expense. Karlin estimates that 4% of the year end accounts receivable will not be collected 6. Prepare an adjusted trial balance 7. Prepare an income statement, statement of owner's equity and balance sheet for January 31 , 2022. 8. Prepare and post closing entries 9. Prepare a post-closing trial balance
