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

Accounts	Debits	Credits
Cash	$ 16,500
Accounts Receivable	7,300
Supplies	3,300
Equipment	11,500
Accumulated Depreciation		$ 3,600
Salaries Payable		5,600
Common Stock		21,500
Retained Earnings		7,900
Totals	$ 38,600	$ 38,600

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

1. March 12	Provide services to customers, $53,000, of which $20,300 is on account.
2. May 2	Collect on accounts receivable, $17,300.
3. June 30	Issue shares of common stock in exchange for $5,000 cash.
4. August 1	Pay salaries of $5,600 from 2023 (prior year).
5. September 25	Pay repairs and maintenance expenses, $12,300.
6. October 19	Purchase equipment for $7,300 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 year on the equipment is $4,300. Office supplies remaining on hand at the end of the year equal $1,000.

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.