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: 1.March122.May23.June304.August15.September256.October197.December30Provideservicestocustomers,$44,000,ofwhich$19,400isonaccount.Collectonaccountsreceivable,$16,400.Issuesharesofcommonstockinexchangefor$6,000cash.Paysalariesof$8,700from2023(prioryear).Payrepairsandmaintenanceexpenses,$11,400.Purchaseequipmentfor$6,400cash.Pay$1,100cashdividendstostockholders. 1. March 12 Provide services to customers, $44,000, of which $19,400 is on account. 2. May 2 Collect on accounts receivable, $16,400. 3. June 30 Issue shares of common stock in exchange for $6,000cash. 4. August 1 Pay salaries of $8,700 from 2023 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,400. 6. October 19 Purchase equipment for $6,400cash. 7. December 30 Pay $1,100 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $3,400. 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). repare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first ccount field.) Journal entry worksheet Record the services provided to customers, $44,000, of which $19,400 is on account. Note: Enter debits before credits. ch journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will pear for each account, based on your selection. ending balance values from the General Ledger tab flows through to the Trial Balance below. The unadjusted, adjustec 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 = Liabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. 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: 1.March122.May23.June304.August15.September256.October197.December30Provideservicestocustomers,$44,000,ofwhich$19,400isonaccount.Collectonaccountsreceivable,$16,400.Issuesharesofcommonstockinexchangefor$6,000cash.Paysalariesof$8,700from2023(prioryear).Payrepairsandmaintenanceexpenses,$11,400.Purchaseequipmentfor$6,400cash.Pay$1,100cashdividendstostockholders. 1. March 12 Provide services to customers, $44,000, of which $19,400 is on account. 2. May 2 Collect on accounts receivable, $16,400. 3. June 30 Issue shares of common stock in exchange for $6,000cash. 4. August 1 Pay salaries of $8,700 from 2023 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,400. 6. October 19 Purchase equipment for $6,400cash. 7. December 30 Pay $1,100 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $3,400. 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). repare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first ccount field.) Journal entry worksheet Record the services provided to customers, $44,000, of which $19,400 is on account. Note: Enter debits before credits. ch journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will pear for each account, based on your selection. ending balance values from the General Ledger tab flows through to the Trial Balance below. The unadjusted, adjustec 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 = Liabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection