The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Credits Debits 30,200 15,500 26,000 Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Tota 7,800 8,750 46,500 8,650 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. Pald 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. Complete this question by entering your answers in the tabs below. Reg 2 5 and 8 Reg 3 Req 4 Reg 6 Req 7A Req 7B Req 9 Prepare the summary, adjusting and closing entries for each of the transactions listed. (If no entry is required for at select "No journal entry required" in the first account field.) 1 2 2 3 4 5 6 7 8 ..... 12 Sales of services, $124,000, of which $37,200 was on credit. Note: Enter debits before credits. Transaction General Journal Debit Credit a.. Record entry Clear entry View general journal B 3 4 5 6 7 8 12 GN Collected on accounts receivable, $25,300. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Journal entry worksheet Purchased equipment for $16,000 in cash. Note: Enter debits before credits. Transaction General Journal Debit Credit f. Record entry Clear entry View general journal Journal entry worksheet 1 23 5 6 8 ..... 12 Paid $3,000 in cash dividends to shareholders. Note: Enter debits before credits. Transaction General Journal Debit Credit 9. Journal entry worksheet Req 25 and 8 Req3 Req 4 Req 6 Req Prepare an unadjusted trial balance. KARLIN COMPANY Unadjusted 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 Totals