And Sels Chapter 02 Pre-Built Problems Help Save & Exit Submit The general ledger of the Karlin Company, a consulting company, at January 1, 2018, contained the following account balances: Account Tit Cash 29,300 17,000 29,000 Equipment 10 points ted depreciation Common stock Retained earnings Total 8,700 9,500 48,000 9,100 75,300 75,300 eBookThe The following is a summary of the transactions for the year: a. Sales of services, $130,000, of which $39,000 was on credit. b. Collected on accounts receivable, $26,200. c. Issued shares of common stock in exchange for $15,000 in cash. d. Paid salaries, $47,500 (of which $9,500 was for salaries payable). e. Paid miscellaneous expenses, $25,600. f. Purchased equipment for $17,500 in cash. g. Paid $3,150 in cash dividends to shareholders. 1. Accrued salaries at year-end amounted to $950 2. Depreciation for the year on the equipment is $2,900. Required: and closing for each of the transactions listed. 3. Post the transactions, adjusting and closing entries into the appropriate t-accounts. 4. Prepare an unadj 6. Prepare an adjusted trial balance. trial balance K Prev 12 of 12E Next