The general ledger of the Karlin Company, a consulting company, at January 1, 2024, contain Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total Debits $ 32,600 Credits 11,500 18,000 $ 5,400 6,750 42,500 7,450 $ 62,100 $ 62,100. The following is a summary of the transactions for the year. a. Provided services, $108,000, of which $32,400 was on account and the balance was received b. Collected on accounts receivable, $22,900. c. Issued shares of common stock in exchange for $9,000 in cash. d. Paid salaries, $39,250 (of which $6,750 was for salaries payable at the end of the prior year). e. Paid miscellaneous expense for various items, $21,200. f. Purchased equipment for $11,500 in cash. g. Paid $2,575 in cash dividends to shareholders. Additional information: h. Accrued salaries at year-end amounted to $785. I Depreciation for the year on the equipment is $1,800. Required: 1 to 3. Prepare a general journal entry for each of the summary transactions listed. Record beginning. the T-accounts tab). Post the journal entries to the T-accounts 4. Using the T-account balances, prepare an unadjusted trial balance 5. Prepare adjusting journal entries using the additional information provided. Post to the T-accounts ( 6. Using the adjusted T-account balances, prepare an adjusted trial balance. 7-a. Prepare an income statement for 2024. 7-b. Prepare a balance sheet as of December 31, 2024. 8. Prepare closing entries, and then post to the T-accounts (on the T-accounts tab) 9. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below." Req 1 to 3 Req 4 Req 5 Req 6 Req 7A Req 78 Reg 8 T accounts Req 9 5. Prepare adjusting journal entries using the additional Information provided. Post to 6. Using the adjusted T-account balances, prepare an adjusted trial balance. 7-a. Prepare an income statement for 2024. 7-b. Prepare a balance sheet as of December 31, 2024. 8. Prepare closing entries, and then post to the T-accounts (on the T-accounts tab). 9. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 Req 5 Req 6 Req 7A Req 7B Req 8 Ta Using the T-account balances, prepare an unadjusted trial balance. KARLIN COMPANY Unadjusted Trial Balance Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Dividends Service revenue Salaries expense Miscellaneous expenses Totals Debits Credits I $ 11,500 $ < Req 1 to 3 Req 5 > 5. Prepare adjusting journal entries using the additional information provided. F 6. Using the adjusted T-account balances, prepare an adjusted trial balance. 7-a. Prepare an Income statement for 2024. 7-b. Prepare a balance sheet as of December 31, 2024. 8. Prepare closing entries, and then post to the T-accounts (on the T-accounts ta 9. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 Req 5 Req Req 7A Req 7B Req 8 Using the adjusted T-account balances, prepare an adjusted trial balance. KARLIN COMPANY Adjusted Trial Balance Account Title: Debits Credits Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Dividends Service revenue Salaries expense Miscellaneous expenses Depreciation expense Totals S $ 4. Cuing the T-account balances, prepare an unadjusted trial balance. 5. Prepare adjusting journal entries using the additional Information provide 6. Using the adjusted T-account balances, prepare an adjusted trial balance 7-a. Prepare an income statement for 2024. 7-b. Prepare a balance sheet as of December 31, 2024. 8. Prepare closing entries, and then post to the T-accounts (on the T-accoun 9. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 Req 5 Req 6 Red Req 7B Rec Prepare an income statement for 2024. KARLIN COMPANY Income Statement For the Year Ended December 31, 2024 Operating expenses: Salaries payable Miscellaneous expense Depreciation expense Total operating expenses Net income 0 $ 0 < Req 6 Req 7B > quired Homework 5. Prepare adjusting journal entries using the additional information provided. Post to t 6. Using the adjusted T-account balances, prepare an adjusted trial balance. 7-a. Prepare an income statement for 2024. 7-b. Prepare a balance sheet as of December 31, 2024. 8. Prepare closing entries, and then post to the T-accounts (on the T-accounts tab). 9. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 Req 5 Req 6 Reg 7A Req 78 Req 8 T acce Prepare a balance sheet as of December 31, 2024. Note: Amounts to be deducted should be indicated by a minus sign. KARLIN COMPANY Balance Sheet December 31, 2024 Assets Current assets Cash Accounts receivable Total current assets Property and equipment Total assets S 0 Liabilities and Shareholders' Equity Current liabilities: Total current abilities Shareholders' equity 0 Reg 1 to R4 Re5 your answers in the tabs below. 7A Re Res Taccounts Reda Post the transactions, adjusting and closing entries into the appropriate T-accounts. Note: Enter the letter of the transaction in the column next to the amount. Beginning balance Cash 32.600 Accounts Receiva Beginning balance 11.500 Ending balance 32.500 Ending balance 11.500 Acca Deprec Begening balance 18.000 Beginning ance Enting balance DOG Ending Salaries Payab Cock Beginning balance 400 Ending belance 6750 Ending balance 42540 Beghing balance 7 Ending balance TAS >