The general ledger of Blue Highway Cleaners at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals 1. March 12 2. May 2 3. June 30 4. August 1 5. September 25 6. October 19 7. December 30 The following is a summary of the transactions for the year: Requirement Debits $ 18,000 7,600 3,600 13,000 $ 42,200 General Journal Provide services to customers, $56,000, of which $20,600 is on account. Collect on accounts receivable, $17,600. General Ledger Credits Issue shares of common stock in exchange for $5,000 cash. Pay salaries of $6,200 from 2023 (prior year). Pay repairs and maintenance expenses, $12,600. Purchase equipment for $7,600 cash. Pay $1,000 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $19,500. Depreciation for the year on the equipment is $4,600. Office supplies remaining on hand at the end of the year equal $1,000. $ 4,200 6,200 23,000 8,800 $ 42,200 Trial Balance Income Statement Balance Sheet

The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $56,000, of which $20,600 is on account. 2. May 2 Collect on accounts receivable, $17,690. 3. June 30 Issue shares of common stock in exchange for $5,000 cash. 4. August 1 Pay salaries of 56,200 from 2023 (prior year). 5. September 25 Pay nepairs and maintenance expenses, $12,600. 6. Dctober 19 Purchase equipaent for $7,600cash. 7. December 30 Pay $1,900 cash dividends to stockholders. The following information is avallable for the adjusting entries. Accrued salaries at year-end amounted to $19.500. Depreciation for the year on the equipment is $4.600. Office supplies remaining on hand at the end of the year equal $1,000. Accrued salaries at year-end amounted to $19,500. Depreciation for the year on the equipment is $4.600. Office supplies remaining on hand at the end of the year equal $1,000. 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 classified 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). Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select: "No Journal Entry Required" in account field.) Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. 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 = Libilities + Equity. Each asset and liability account is reported separately on balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection