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.March12Provideservicestocustomers,$1,000,ofwhich$20,100isonaccount.2.May2Collectonaccountsreceivable,$17,100. 3. June 30 Issue shares of common stoek in exchange for $6,000 cash. 4. August 1 Pay salaries of $5,200 from 2023 (prior year). 5. September 25 Pay repairs and maintenance expenses, $12,100. 6. October 19 Purchase equipment for $7,100 cash. 7. December 30 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 $4,100. 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 llsted above. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first occount field.) 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.March12Provideservicestocustomers,$1,000,ofwhich$20,100isonaccount.2.May2Collectonaccountsreceivable,$17,100. 3. June 30 Issue shares of common stoek in exchange for $6,000 cash. 4. August 1 Pay salaries of $5,200 from 2023 (prior year). 5. September 25 Pay repairs and maintenance expenses, $12,100. 6. October 19 Purchase equipment for $7,100 cash. 7. December 30 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 $4,100. 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 llsted above. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first occount field.)
