The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the f The following is a summary of the transactions for the year: a. Service revenue, $110,000, of which $33,000 was on account and the balance was received in cas b. Collected on accounts receivable, $23,200. c. Issued shares of common stock in exchange for $9.500 in cash. d. Paid salaries, $40,000 (of which $7,000 was for salaries payable at the end of the prior year). e. Paid miscellaneous expense for various items, $21,600. f. Purchased equipment for $12,000 in cash. g. Paid $2,625 in cash dividends to shareholders. 1. Accrued salaries at year-end amounted to $800. 2. Depreciation for the year on the equipment is $1,900. 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 approprlate t-accounts. 4. Prepare an unadjusted trial balance. 6. Prenare an adiuctert frial halance Journal entry worksheet 567 Sales of services, $110,000, of which $33,000 was on credit. Note: Enter debits before credits. Journal entry worksheet 45 Note: Enter debits before credits. Journal entry worksheet Issued shares of common stock in exchange for $9,500 in cash. Note: Enter debits before credits. Journal entry worksheet Paid salaries, $40,000 (of which $7,000 was for salaries payable). Note: Enter debits before credits. Journal entry worksheet 12 Note: Enter debits before credits. Journal entry worksheet Prepare an unadjusted trial balance. Prepare an adjusted trial balance. Prepare an income statement for 2021. Prepare a post-closing trial balance