The general ledger of Blue Highway Cleaners at January 1, 2024, includes the following account bala Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals Debits $ 15,000 7,000 3,000 10,000 Credits $3,000 5,000 20,000 7,000 $ 35,000 $ 35,000 The following is a summary of the transactions for the year: Provide services to customers, $50,000, of which $20,000 is on account. Collect on accounts receivable, $17,000. Issue shares of common stock in exchange for $5,000 cash. 1. March 12 2. May 2 3. June 30 4. August 1 5. September 25 6. October 19 Pay salaries of $5,000 from 2023 (prior year). Pay repairs and maintenance expenses, $12,000. Purchase equipment for $7,000 cash. 7. December 30 Pay $1,000 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 $19,500. Depreciation for the Office supplies remaining on hand at the end of the year equal $1,000. 7. Prepare an adjusted trial balance. B-a. Prepare the income statement for the year ended December 31, 2024. 3-b. Prepare the classified balance sheet for the year ended December 31, 2024. 9. Record closing entries. ., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sur- 1. Prepare a post-closing trial balance.

The general ledger of Blue Highway Cleaners at January 1,2024 , includes the following account bala The following is a summary of the transactions for the year: 1. March 12 2. May 2 3. June 30 4. August 5. September 6. October 19 7. December 30 Provide services to customers, $50,000, of which $20,000 is on account. collect on accounts receivable, $17,000. Issue shares of common stock in exchange for $5,000cash. pay salaries of $5,000 from 2023 (prior year). Pay repairs and maintenance expenses, $12,000. Purchase equipment for $7,000 cash. Pay $1,000 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 $19,500. Depreciation for the Office supplies remaining on hand at the end of the year equal $1,000. 7. Prepare an adjusted trial balance. 3-a. Prepare the income statement for the year ended December 31, 2024. 3-b. Prepare the classified balance sheet for the year ended December 31, 2024. Record closing entries. 3., 6., \& 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sur . Prepare a post-closing trial balance