Question: This is the complete question. Please help as soon as possible. It's due soon! The following information applies to the questions displayed below.] The general
The following information applies to the questions displayed below.] The general ledger of the Karlin Company, a consulting company, at January 1,2016, contained the following account balances: Cash Accounts receivable Equipment Accumulated depreciation Salaries payable Debits 31,700 3,000 21,000 6,300 7,500 44,000 7900 stock Retained earnings Total 65,70065,700 The following is a summary of the transactions for the year: a. Sales of services, $114,000, of which $34,200 was on credit. b. Collected on accounts receivable, $23,800 c. Issued shares of common stock in exchange for $11,000 in cash. d. Paid salaries, $41,500 (of which $7,500 was for salaries payable). e. Paid miscellaneous expenses, $22,400. for $13,000 in cash. g. Paid $2,750 in cash dividends to shareholders. 1. Accrued salaries at year-end amounted to $830. 2. Depreciation for the year on the equipment is $2,100
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