The following is a summary of the transactions for the year: a. Provided services, $124,000, of which $37,200 was on account and the balance was recelved in cash. b. Collected on accounts recelvable, $25,300. c. Issued shares of common stock in exchange for $13,500in cash. d. Paid salarles, $45,250 (of which $8,750 was for salarles payable at the end of the prior year). e. Pald miscellaneous expense for various items, $24,400. f. Purchased equipment for $16,000 in cash. g. Paid $3,000 in cash dividends to shareholders. Additional Information: h. Accrued salarles at year-end amounted to $905. I. Depreciation for the year on the equipment is $2,600. Required: 1 to 3. Prepare a general journal entry for each of the summary transactions IIsted. Record beginning balances in the T-accounts (on the T-accounts tab). Post the journal entrles to the T-accounts. 4. Using the T-account balances, prepare an unadjusted trlal balance. 5. Prepare adjusting journal entrles using the additional information provided. Post to the T-accounts (on the T-accounts tab). 6. Using the adjusted T-account balances, prepare an adjusted trial balance. 7-a. Prepare an income statement for 2024. 7.b. Prepare a balance sheet as of December 31, 2024. 8. Prepare closing entrles, and then post to the T-accounts (on the T-accounts tab). 9. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare a general journal entry for each of the summary transactions listed. Record beginning balances in the T-accounts (on the Taccounts tab). Post the journal entries to the T-accounts. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet (2) 3 5 6 7 Provided services, $124,000, of which $37,200 was on account and the balance was received in cash. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Using the T-account balances, prepare an unadjusted trial balance. Complete this question by entering your answers in the tabs below. Prepare adjusting journal entries using the additional information provided. Post to the T-accounts (on the T-accounts tab). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 2 Record the adjusting journal entry for accrued salaries at year-end that amounted to $905. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Using the adjusted T-account balances, prepare an adjusted trial balance. Complete this question by entering your answers in the tabs below. Prepare an income statement for 2024 . Complete this question by entering your answers in the tabs below. Prepare a balance sheet as of December 31, 2024. Note: Amounts to be deducted should be indicated by a minus sign. Complete this question by entering your answers in the tabs below. Prepare closing entries, and then post to the T-accounts (on the T-accounts tab). Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Journal entry worksheet Record the entry to close the revenue accounts using the retained earnings account. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Post the transactions, adjusting and closing entries into the appropriate T-accounts. Note: Enter the letter of the transaction in the column next to the amount. Complete this question by entering your answers in the tabs below. Prepare a post-closing trial balance. The following is a summary of the transactions for the year: a. Provided services, $124,000, of which $37,200 was on account and the balance was recelved in cash. b. Collected on accounts recelvable, $25,300. c. Issued shares of common stock in exchange for $13,500in cash. d. Paid salarles, $45,250 (of which $8,750 was for salarles payable at the end of the prior year). e. Pald miscellaneous expense for various items, $24,400. f. Purchased equipment for $16,000 in cash. g. Paid $3,000 in cash dividends to shareholders. Additional Information: h. Accrued salarles at year-end amounted to $905. I. Depreciation for the year on the equipment is $2,600. Required: 1 to 3. Prepare a general journal entry for each of the summary transactions IIsted. Record beginning balances in the T-accounts (on the T-accounts tab). Post the journal entrles to the T-accounts. 4. Using the T-account balances, prepare an unadjusted trlal balance. 5. Prepare adjusting journal entrles using the additional information provided. Post to the T-accounts (on the T-accounts tab). 6. Using the adjusted T-account balances, prepare an adjusted trial balance. 7-a. Prepare an income statement for 2024. 7.b. Prepare a balance sheet as of December 31, 2024. 8. Prepare closing entrles, and then post to the T-accounts (on the T-accounts tab). 9. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare a general journal entry for each of the summary transactions listed. Record beginning balances in the T-accounts (on the Taccounts tab). Post the journal entries to the T-accounts. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet (2) 3 5 6 7 Provided services, $124,000, of which $37,200 was on account and the balance was received in cash. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Using the T-account balances, prepare an unadjusted trial balance. Complete this question by entering your answers in the tabs below. Prepare adjusting journal entries using the additional information provided. Post to the T-accounts (on the T-accounts tab). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 2 Record the adjusting journal entry for accrued salaries at year-end that amounted to $905. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Using the adjusted T-account balances, prepare an adjusted trial balance. Complete this question by entering your answers in the tabs below. Prepare an income statement for 2024 . Complete this question by entering your answers in the tabs below. Prepare a balance sheet as of December 31, 2024. Note: Amounts to be deducted should be indicated by a minus sign. Complete this question by entering your answers in the tabs below. Prepare closing entries, and then post to the T-accounts (on the T-accounts tab). Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Journal entry worksheet Record the entry to close the revenue accounts using the retained earnings account. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Post the transactions, adjusting and closing entries into the appropriate T-accounts. Note: Enter the letter of the transaction in the column next to the amount. Complete this question by entering your answers in the tabs below. Prepare a post-closing trial balance