[The following information applies to the questions displayed below.]

Sales of services, $100,000, of which $30,000 was on credit.

Collected on accounts receivable, $27,300.

Issued shares of common stock in exchange for $10,000 in cash.

Paid salaries, $50,000 (of which $9,000 was for salaries payable).

Paid miscellaneous expenses, $24,000.

Purchased equipment for $15,000 in cash.

Paid $2,500 in cash dividends to shareholders.

Record the adjusting journal entry for accrued salaries at year-end that amounted to $1,000.

Record the adjusting journal entry for annual depreciation of $2,000.

Record the entry to close the revenue accounts using the income summary.

Record the entry to close the expense accounts using the income summary. (Use a single entry, not a separate entry for each expense account.)

Record the entry to close the income summary account.

[The following Information apples to the questions displayed below] The general ledger of the Karlin Company, a consulting company, at January 1, 2016, contalned the following account balances: Account Title Cash Accounts recelvable Equlpment Accumulated depreclation Salarles payable Common stock Retalned earnings Debits Credits 30,000 15,000 20,000 6,000 9,000 40,500 9,500 Total 65,000 65,000 The following is a summary of the transactions for the year: a. Sales of services, $100,000, of which $30,000 was on credit. b. Collected on accounts recelvable, $27,300 c. Issued shares of common stock In exchange for $10,000 In cash. d. Pald salarles, $50,000 (of which $9,000 was for salaries payable). e. Pald miscellaneous expenses, $24,000 f. Purchased equlpment for $15,000 In cash. g. Pald $2,500 In cash dlvidends to shareholders. 1. Accrued salaries at year-end amounted to $1,000 2. Depreclation for the year on the equipment is $2,000