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Problem 3-8A (Algo) Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) The general ledger of Black Cloud Cleaners at January 1, 2024, includes the following account balances: The following is a summary of the transactions for the year: 1. March 12 2. May 2 3. June 30 4. August 1 5. September 25 6. October 19 7. December 30 Provide services to customers, $57,000, of which $20,700 is on account. Collect on accounts receivable, $17,700. Issue shares of common stock in exchange for $6,000cash. Pay salaries of $6,400 from 2023 (prior year). Pay repairs and maintenance expenses, $12,700. Purchase equipment for $7,700 cash. Pay $1,100 cash dividends to stockholders. Required: 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $4,700. Office supplies remaining on hand at the end of the year equal $1,200. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2024. 8-b. Prepare the classified balance sheet for the year ended December 31, 2024. 9. Record closing entries. 1., 3., 6., \& 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 11. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Record each of the summary transactions listed above. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Complete this question by entering your answers in the tabs below. Prepare an unadjusted trial balance. Complete this question by entering your answers in the tabs below. Record adjusting entries. Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $4,700. Office supplies remaining on hand at the end of the year equal $1,200. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the adjusting entry for salaries. Accrued salaries at year-end amounted to $19,600. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare an adjusted trial balance. Complete this question by entering your answers in the tabs below. Prepare the income statement for the year ended December 31, 2024. Complete this question by entering your answers in the tabs below. Prepare the classified balance sheet for the year ended December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.) Complete this question by entering your answers in the tabs below. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 11. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Prepare a post-closing trial balance. Problem 3-8A (Algo) Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) The general ledger of Black Cloud Cleaners at January 1, 2024, includes the following account balances: The following is a summary of the transactions for the year: 1. March 12 2. May 2 3. June 30 4. August 1 5. September 25 6. October 19 7. December 30 Provide services to customers, $57,000, of which $20,700 is on account. Collect on accounts receivable, $17,700. Issue shares of common stock in exchange for $6,000cash. Pay salaries of $6,400 from 2023 (prior year). Pay repairs and maintenance expenses, $12,700. Purchase equipment for $7,700 cash. Pay $1,100 cash dividends to stockholders. Required: 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $4,700. Office supplies remaining on hand at the end of the year equal $1,200. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2024. 8-b. Prepare the classified balance sheet for the year ended December 31, 2024. 9. Record closing entries. 1., 3., 6., \& 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 11. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Record each of the summary transactions listed above. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Complete this question by entering your answers in the tabs below. Prepare an unadjusted trial balance. Complete this question by entering your answers in the tabs below. Record adjusting entries. Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $4,700. Office supplies remaining on hand at the end of the year equal $1,200. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the adjusting entry for salaries. Accrued salaries at year-end amounted to $19,600. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare an adjusted trial balance. Complete this question by entering your answers in the tabs below. Prepare the income statement for the year ended December 31, 2024. Complete this question by entering your answers in the tabs below. Prepare the classified balance sheet for the year ended December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.) Complete this question by entering your answers in the tabs below. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 11. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Prepare a post-closing trial balance