The general ledger of Karlin Company, a consulting company at January $1,2022,$ contained

Account Title

Cash

Accounts receivable

Allowance for doubtful accounts Supplies

Equipment

Accumulated depreciation Unearned revenue

Karlin, Capital

Total

Debit

$30,00015,000$

$2,00020,000$

$67,000$

Credit

$2,000$

$6,000$

$9,00050,00067,000$

The following transactions took place during the month of January.

$1/1$ Karlin provided services to a client for $$70,000$ and collected cash

$1/5$ Karlin invested an additional $$10,000$ of cash in the business

$1/10$ Paid salaries of $$10,000$

$1/15$ Karlin provided services to a client for $$30,000$ on credit

$1/18$ Collected a customer accounts receivable of $$10,000$

$1/20$ Paid the utility bill of $$1,000$

$1/22$ Purchased a building paying $$5,000$ in cash and signing a notes payable for the $$10,0001/24$ Paid rent of $$5,000$

$1/28$ Karlin withdrew $$2,500$

$1/30$ Purchased $$1,500$ of Supplies

REQUIRMENTS

Set up the necessary T$-$accounts and enter the beginning balances from the trial balance

Prepare a general entry for each of the transactions

Post the journal entries to the accounts

Prepare an unadjusted trial balance

Prepare and post the following adjusting journal entries

Accrued salaries at year$-$end amount to $$2,000$

Equipment is being depreciated using straight $-$line. Salvage value is $$2,000$ and the useful live is $60$ months.

A count of supplies at month end revealed $$2,000$ of supplies on hand

One half of the unearned revenue had been earned during the month

Karlin uses the $\%$ of receivable method to estimate bad debt expense. Karlin estimates that $4\%$ of the year end accounts receivable will not be collected

Prepare and adjusted trial balance

Prepare an income statement, statement of owner$$s equity and balance sheet for January $31,2022.$

$8.$ Prepare and post closing entries

$9.$ Prepare a post$-$closing trial balance