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where are the other steps ? 1 The general ledger of Allied Health at January 1, 2024, includes the following account balances: Accounts Cash Accounts

where are the other steps ? 1 The general ledger of Allied Health at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals 1. January 24 2. March 13 Debits 3. May 6 4. June 30 5. September 15 6. November 24 7. December 30 $4,200 9,200 3,200 30,000 The following is a summary of the transactions for the year: $46,600 Credits $6,800 4,800 5,800 0 20,000 9,200 $46,600 Provide health services for cash, $17,000, and on account, $62,000. Collect on accounts receivable, $50,000. Issue shares of common stock in exchange for $11,000 cash. Pay salaries for the current year, $32,400. Pay utilities of $5,800 from 2023 (prior year). Receive cash in advance from customers, $8,800. Pay $2,400 cash dividends to stockholders. A Required: 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Depreciation for the year on the machinery is $6,800. Supplies remaining on hand at the end of the year equal $1,100. Of the $8,800 paid in advance by customers, $6,400 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $6,600. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2024. 8-b. Prepare the classified balance sheet for the year ended December 31, 2024. 9. Record closing entries. 1., 3., 6., & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 11. Prepare a post-closing trial balance.

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