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 I 5. september 6. Ootober 19 7. Decenber 30 Provide services to custortors, $49,000, of which $19,900 is on account. collect on accountis receivable, $16,900. Issue shares of cormon atock in exchange for $4,000 canh. Pay salaries of $7,700 from 2023 (prior year). Pay repaits and maintenance expenses, $11,900. Purchane equipment for $6,900 cash. Pay 51,200 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $19,700. Depreciation for the year on the equipment is $3,900. Office supplies remaining on hand at the end of the year equal $1,100. Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $19,700. Depreciation for the year on the equipment is $3,900. Office supplies remaining or hand at the end of the year equal $1,100. 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 to 7). Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab (these are shown as items 8 to 10). 3. Review the adjusted 'Trial Balance' as of December 31,2024. 4. Prepare an income statement for the period ended December 31, 2024, in the 'Income Statement' tab. 5. Prepare a ciassified balance sheet as of December 31, 2024 in the 'Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab (these are shown as items 11 to 13 ). ger Account \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{3}{|c|}{ Accumulated Depreciation } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & January 01 & & & 5,200 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Salaries Payable } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & January 01 & & & 7,700 \\ \hline 4 & August 01 & 7,700 & & 7 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Retained Earnings } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & January 01 & & & 7,400 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{2}{|c|}{} & \multicolumn{3}{|c|}{ Dividends } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & January 01 & & & 0 \\ \hline E & December 30 & 1,200 & & 1,200 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{3}{|c|}{} & \multicolumn{2}{|c|}{ Service Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & January 01 & & & 0 \\ \hline E & March 12 & & 49,000 & 49,000 \\ \hline \end{tabular} The ending balance values from the General Ledger tab flows through to the Trial Balance below. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. View transaction list View joumal entry worksheet
