The general ledger of the Karlin Company, a consulting company, at January 1, 2018, contained the following account balances:

Account Title	Debits		Credits
Cash	29,900
Accounts receivable	16,000
Equipment	27,000
Accumulated depreciation			8,100
Salaries payable			9,000
Common stock			47,000
Retained earnings			8,800
Total	72,900		72,900

The following is a summary of the transactions for the year:

Sales of services, $126,000, of which $37,800 was on credit.

Collected on accounts receivable, $25,600.

Issued shares of common stock in exchange for $14,000 in cash.

Paid salaries, $46,000 (of which $9,000 was for salaries payable).

Paid miscellaneous expenses, $24,800.

Purchased equipment for $16,500 in cash.

Paid $3,050 in cash dividends to shareholders.

Accrued salaries at year-end amounted to $920.

Depreciation for the year on the equipment is $2,700.

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 2018. 7-b. Prepare a balance sheet as of December 31, 2018. 9. Prepare a post-closing trial balance.