Post the transactions, adjusting and closing entries into the appropriate t-accounts.

The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits Debits 32,300 12,000 19,000 points Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total eBook 5,700 7,000 43,000 7,600 63,300 Print 63,300 References The following is a summary of the transactions for the year: a. Service revenue, $110,000, of which $33,000 was on account and the balance was received in cash. b. Collected on accounts receivable, $23,200. c. Issued shares of common stock in exchange for $9,500 in cash. d. Paid salaries, $40,000 (of which $7,000 was for salaries payable at the end of the prior year). e. Paid miscellaneous expense for various items, $21,600. f. Purchased equipment for $12,000 in cash. g. Paid $2,625 in cash dividends to shareholders. 1. Accrued salaries at year-end amounted to $800. 2. Depreciation for the year on the equipment is $1,900. Cash Accounts Receivable 12,000 Beg. bal. Beg. bal. End. bal. 32,300 End. bal. 12,000 Equipment 19,000 Accumulated Depreciation 5,700 Beg. bal. 2001 Beg. bal. End. bal. 19,000 End. bal. 5,700 Salaries Payable 7,000 Common Stock 43,000 Beg. bal. Beg. bal. End. bal. 7,000 End. bal. 43,000 Retained Earnings Dividends Dividends Retained Earnings 7,600 Beg. bal. Beg. bal. End. bal. 7,600 End. bal. Service Revenue Miscellaneous expense Beg. bal. Beg. bal. End. bal. End. bal. Depreciation Expense Salaries Expense Beg. bal. Beg. bal. End. bal. End. bal