The general ledger of Karlin Company, a consulting company at January 1, 2022, contained the following account balances. Acennnt Titto The following transactions took place during the month of January, 1/1 Karlin provided services to a client for $70,000 and collected cash 1/5K arlin 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 $10,000 1/24 Paid rent of $5,000 1/28 Karlin withdrew $2,500 1/30 Purchased $1,500 of Supplies REQUIRMENTS 1. Set up the necessary T-accounts and enter the beginning balances from the trial balance 2. Prepare a general entry for each of the transactions 3. Post the joumal entries to the accounts 4. Prepare an unadjusted trial balance 5. Prepare and post the following adjusting journal entries a. Acerued salaries at year-end amount to $2,000 b. Equipment is being depteciated using straight-line. Salvage value is 0 and the useful live is 10 years. c. A count of supplies at month end revealed $2,000 of supplies on hand d. One half of the unearned revenue had been earned during the month e. Karlin uses the \% of reccivable method to estimate bad debt expense. Karlin estimates that 4% of the year end accounts receivable will not be collected 6. Prepare an adjusted trial balance 7. 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