The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Account Title Cash Accounts receivable. Debits Credits 30,200 15,500 Equipment 26,000 Accumulated depreciation 7,800 Salaries payable 8,750 Common stock 46,500 Retained earnings 8,650 Total 71,700 71,700 The following is a summary of the transactions for the year: a. Service revenue, $124,000, of which $37,200 was on account and the balance was received in cash. b. Collected on accounts receivable, $25,300. c. Issued shares of common stock in exchange for $13,500 in cash. d. Paid salaries, $45,250 (of which $8,750 was for salaries payable at the end of the prior year). e. Paid miscellaneous expense for various items, $24,400. f. Purchased equipment for $16,000 in cash.. g. Paid $3,000 in cash dividends to shareholders. 1. Accrued salaries at year-end amounted to $905. 2. Depreciation for the year on the equipment is $2,600. 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 2021. 7-b. Prepare a balance sheet as of December 31, 2021. 9. Prepare a post-closing trial balance. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 2 5 and 8 Req 3 Req 4 Req 6 Req 7A Req 7B Req 9 Post the transactions, adjusting and closing entries into the appropriate t-accounts. (Enter the letter of the transaction in the column next to the amount.) Cash Accounts Receivable Beg. bal. 30,200 Beg. bal. 15,500 a. 86,800 45,250 d. a. 37,200 25,300 b. b. 25,300 24,400 e. C. 13,500 16,000 f. 3,000 g End. bal. 67,150 End. bal. 27,400 Equipment Beg. bal. 26,000 f. 16,000 Accumulated Depreciation Beg. bal 7,800 2,600 Adjusting End. bal. 42,000 End. bal. 10.400 Salaries Payable Beg. bal. 8,750 End. bal. 905 Adjusting 9,655 Beg. bal. End. bal. Common Stock 46,500 46,500 Retained Earnings Dividends Beg. bal. 8,650 Beg. bal. 0 124,000 Closing g. 3,000 3,000 Closing Closing 64,405 Closing O 3,000 End. bal. 65,245 End. bal. Service Revenue 0 124,000 a. Beg. bal. Closing 124,000 End. bal. 9 Beg. bal. 0. End. bal. Miscellaneous expense 0 24,400 24,400 Closing Beg. bal. Adjusting End. bal. Depreciation Expense 0 2,600- 2,600 Salaries Expense Beg. bal. Closing d. 36,500 37,405 Closing Adjusting 905 End. bal. < Req 25 and 8 Req 4 > KARLIN COMPANY Unadjusted Trial Balance Account Title Debits Credits Cash $ 67,150 Accounts receivable 27,400 Equipment 42,000 Accumulated depreciation $ 10,400 X Salaries payable Common stock 9,655 46,500 x 65,245 X Retained earnings Dividends Service revenue Salaries expense Miscellaneous expenses Totals $ 136,550 $ 131,800 KARLIN COMPANY Adjusted Trial Balance Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Dividends Service revenue Salaries expense Miscellaneous expenses Depreciation expense Totals Debits Credits 69 $ 0 $ 0 < Req 4 Req KARLIN COMPANY Income Statement For the Year Ended December 31, 2021 $ 69 0 0 Prepare a balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) KARLIN COMPANY Balance Sheet December 31, 2021 Assets 0 0 Liabilities and Shareholders' Equity 0 0 0 Prepare a post-closing trial balance. KARLIN COMPANY Post-Closing Trial Balance Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Service revenue Salaries expense Miscellaneous expenses Depreciation expense Totals SA $ Debits Credits 0 $ 0