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The general ledger of the Karlin Company, a consulting company, at January 1 , 2 0 2 4 , contained the following account balances: Complete
The general ledger of the Karlin Company, a consulting company, at January contained the following account balances: Complete this question by entering your answers in the tabs below.
The following is a summary of the transactions for the year:
a Provided services, $ of which $ was on account and the balance was received in cash.
b Collected on accounts receivable, $
c Issued shares of common stock in exchange for $ in cash.
d Paid salaries, $of which $ was for salaries payable at the end of the prior year
e Paid miscellaneous expense for various items, $
f Purchased equipment for $ in cash.
g Paid $ in cash dividends to shareholders.
Additional information:
h Accrued salaries at yearend amounted to $
i Depreciation for the year on the equipment is $
Required:
to Prepare a general journal entry for each of the summary transactions listed. Record beginning balances in the Taccounts on
the Taccounts tab
Using the adjusted Taccount balances, prepare an adjusted trial balance.
a Prepare an income statement for
b Prepare a balance sheet as of December
Prepare closing entries, and then post to the Taccounts on the Taccounts tab
Prepare a postclosing trial balance. I need help with "Unadjusted Trial Balance" and "Adjusted Trial Balance"
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