The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances Credits Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total Debits 32,000 12,500 20,000 6,000 7,250 43,500 7.750 64,500 The following is a summary of the transactions for the year: 3. Service revenue. $112.000, of which $33.600 was on account and the balance was received in cash b. Collected on accounts receivable. $23.500. c.Issued shares of common stock in exchange for $10.500 in cash d. Paid salaries, $40.750 (of which 57.250 was for salaries payable at the end of the prior year) .. Paid miscellaneous expense for various items. $22.000 1. Purchased equipment for $12.500 in cash. . 9. Paid $2700 in cash dividends to shareholders Accrued salaries at year-end amounted to $815 2 Depreciation for the year on the equipment is 52 000 a. Service revenue, $112,000, of which $33,600 was on account and the balance was received in cash. b. Collected on accounts receivable, $23,500. c. Issued shares of common stock in exchange for $10,500 in cash. d. Paid salaries, $40,750 (of which $7,250 was for salaries payable at the end of the prior year). e. Paid miscellaneous expense for various items, $22,000. f. Purchased equipment for $12,500 in cash. g. Paid $2,700 in cash dividends to shareholders. 1. Accrued salaries at year-end amounted to $815. 2 Depreciation for the year on the equipment is $2.000. Required: 2., 5. & 8. Prepare the summary, adjusting and closing entries for each of the transactions listed. 3. Post the transactions, adjusting and closing entries into the appropriate t-accounts 4. Prepare an unadjusted trial balance 6. Prepare an adjusted trial balance 7-0. Prepare an income statement for 2021 7.b. Prepare a balance sheet as of December 31, 2021. 9. Prepare a post-closing trial balance Complete this question by entering your answers in the tabs below Reg 25 and Rag Roge Roa Rea B