Question: What do you mean about assign help under budget? Other people are helping me, so please I need your help cause I don't understand this.

 What do you mean about assign help under budget? Other peopleare helping me, so please I need your help cause I don'tunderstand this. The following is a summary of the transactions for theyear: 1. March 12 Provide services to customers, $40,000, of which $19,000is on account. 2. May 2 Collect on accounts receivable, $16,000. 3.

What do you mean about assign help under budget? Other people are helping me, so please I need your help cause I don't understand this.

The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $40,000, of which $19,000 is on account. 2. May 2 Collect on accounts receivable, $16,000. 3. June 30 Issue shares of common stock in exchange for $6,000 cash. 4. August 1 Pay salaries of $9,500 from 2023 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,000. 6. October 19 Purchase equipment for $6,000 cash. 7. December 30 Pay $1,200 cash dividends to stockholders. Required: 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Accrued salaries at year-end amounted to $19,700. Depreciation for the year on the equipment is $3,000. Office supplies remaining on hand at the end of the year equal $1,000. 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-closina trial balance. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Depreciation Expense } \\ \hline Debit & & \\ \hline Beginning Balance & & \\ \hline & & \\ \hline Ending Balance & & 0 \\ \hline \hline \end{tabular}

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