The general ledger of Blue Highway Cleaners at January $1,2024,$ includes the following account balances:

The following is a summary of the transactions for the year:

March $12$ Provide services to customers, $$47,000,$ of which $$19,700$ is on account.

May $2$ Collect on accounts receivable, $$16,700.$

June $30$ Issue shares of common stock in exchange for $$6,000$ cash.

August $1$ Pay salaries of $$8,100$ from $2023($prior year$).$

September $25$ Pay repairs and maintenance expenses, $$11,700.$

October $19$ Purchase equipment for $$6,700$ cash.

December $30$ Pay $$1,100$ cash dividends to stockholders.

Required:

Record each of the summary transactions listed above.

Prepare an unadjusted trial balance.

Record adjusting entries. Accrued salaries at year$-$end amounted to $$19,600.$ Depreciation for the year on the equipment is $$3,700.$

Office supplies remaining on hand at the end of the year equal $$1,000.$

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 $31,2024.$

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.

Prepare a post$-$closing trial balance.