The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances: Account Title Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Total Debits Credits 27,800 19,500 34,000 10,200 10,750 50,500 9,850 81,300 81,300 The following is a summary of the transactions for the year a. Service revenue, $140,000, of which $42,000 was on account and the balance was received in cash. b. Collected on accounts receivable, $27700. c. Issued shares of common stock in exchange for $17,500 in cash. d. Paid salaries, $51,250 (of which $10,750 was for salaries payable at the end of the prior year). e. Pald miscellaneous expense for various items, $27,600. f. Purchased equipment for $20,000 in cash. g. Paid $3,400 in cash dividends to shareholders. 1. Accrued salaries at year-end amounted to $1,025. 2. Depreciation for the year on the equipment is $3,400. 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. Req 25 and 8 Req3 Reg 4 Reg 6 Req 7A Req 7B Reg 9 Prepare the summary, adjusting and closing entries for each of the transactions listed. (If no entry is re select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Req 25 and 8 Reg 3 Reg 4 Req 6 Req 7A 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 Complete this question by entering your answers in the tabs below. Req 25 and 8 Req3 Reg 4 Req 6 Req 7A Req 7 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 Complete this question by entering your answers in the tabs below. Req 25 and 8 Req3 Req 4 Reg 6 Req 7A Req Prepare an income statement for 2021. KARLIN COMPANY Income Statement For the Year Ended December 31, 2021 Complete this question by entering your answers in the tabs below. Req 25 and 8 Reg 3 Reg 4 Reg 6 Req 7A Req Prepare a balance sheet as of December 31, 2021. (Amounts to be deducted st KARLIN COMPANY Balance Sheet December 31, 2021 Assets Liabilities and Shareholders' Equity Complete this question by entering your answers in the tabs below. Req 25 and 8 Reg 3 Reg 4 Reg 6 Req 7A Req 7E Prepare a post-closing trial balance. KARLIN COMPANY Post-Closing Trial Balance Account Title Debits Credits Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Common stock Retained earnings Service revenue Salaries expense Miscellaneous expenses Depreciation expense Totals