Question: I have the below question in an Intermediate accounting class. I have completed the whole question, but when trying to submit, it says the question

I have the below question in an Intermediate accounting class. I have completed the whole question, but when trying to submit, it says the question is incomplete. I can provide my work if needed.

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The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances:

Account Title DebitsCreditsCash31,700Accounts receivable13,000Equipment21,000Accumulated depreciation6,300Salaries payable7,500Common stock44,000Retained earnings7,900Total65,70065,700

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

  1. Service revenue, $114,000, of which $34,200 was on account and the balance was received in cash.
  2. Collected on accounts receivable, $23,800.
  3. Issued shares of common stock in exchange for $11,000 in cash.
  4. Paid salaries, $41,500 (of which $7,500 was for salaries payable at the end of the prior year).
  5. Paid miscellaneous expense for various items, $22,400.
  6. Purchased equipment for $13,000 in cash.
  7. Paid $2,750 in cash dividends to shareholders.
  8. Accrued salaries at year-end amounted to $830.
  9. Depreciation for the year on the equipment is $2,100.

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.unadjusted trial balance.

6.adjusted trial balance.

7-a. income statement for 2021.

7-b. balance sheet as of December 31, 2021.

9. post-closing trial balance.

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