The general ledger of the Karlin Company, a consulting company, at January 1, 2018, contained the following account balances:

Account Title	Debits		Credits
Cash	32,900
Accounts receivable	11,000
Equipment	17,000
Accumulated depreciation			5,100
Salaries payable			6,500
Common stock			42,000
Retained earnings			7,300
Total	60,900		60,900

The following is a summary of the transactions for the year:

Sales of services, $106,000, of which $31,800 was on credit.

Collected on accounts receivable, $22,600.

Issued shares of common stock in exchange for $8,500 in cash.

Paid salaries, $38,500 (of which $6,500 was for salaries payable).

Paid miscellaneous expenses, $20,800.

Purchased equipment for $11,000 in cash.

Paid $2,525 in cash dividends to shareholders.

Accrued salaries at year-end amounted to $770.

Depreciation for the year on the equipment is $1,700.

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-a. Prepare an income statement for 2018. 7-b. Prepare a balance sheet as of December 31, 2018. 9. Prepare a post-closing trial balance.