The general ledger of the Karin Company, a consulting company, at January 1, 2024, contained the following account balances The following is a summary of the transactions for the year: a. Provided services, $100,000, of which $30,000 was on account and the balance was received in cash. b. Collected on accounts recelvable, $27,300 c. Issued shares of common stock in exchange for $10,000 in cash. d Paid salaries, $50,000 (of which $9,000 was for salaries payable at the end of the pror year) e. Paid miscellaneous expense for various items, $24,000 1. Purchased equipment for $15,000 in cash. 9. Paid $2,500 in cash dividends to shareholders. Required: 1. Set up the necessary T-accounts and enter the beginning balances from the trial balance. 2. Prepare a general journal entry for each of the summary transactions listed above. 3. Post the joumal entries to the accounts: 4. Prepare an unadjusted trial balance. 5. Prepare and post adjusting joumal entries. Accrued salaries at year-end amounted to $1,000. Depreciation for the year on the equipment is $2,000. 6. Prepare an adjusted trial balance. 7. Prepare an income statement for 2024 and a balance sheet ajs of December 31,2024. 8. Prepare and post-closing entries. 9. Prepare a post-closing trial balance