Question: whatever can be done will be helpful, thank you The following is a summary of the transactions for the year: a. Service revenue, $106,000, of

whatever can be done will be helpful, thank you  whatever can be done will be helpful, thank you The following
is a summary of the transactions for the year: a. Service revenue,
$106,000, of which $31,800 was on account and the balance was received
in cash. b. Collected on accounts recelvable, $22,600. c. Issued shares of
common stock in exchange for $8,500 in cash. d. Paid salaries, $38,500
(of which $6,500 was for salaries payable at the end of the
prior year). e. Paid miscellaneous expense for various items, $20,800 f. Purchased
equipment for $11,000 in cash. 9. Raid $2,525 in cash dividends to
shareholders. c. Issued shares of common stock in exchange for $8,500 in
cash. d. Paid salaries, $38,500 (of which $6,500 was for salaries payable
at the end of the prior year). e. Paid miscellaneous expense for
various items, $20,800. f. Purchased equipment for $11,000 in cash. g. Paid

The following is a summary of the transactions for the year: a. Service revenue, $106,000, of which $31,800 was on account and the balance was received in cash. b. Collected on accounts recelvable, $22,600. c. Issued shares of common stock in exchange for $8,500 in cash. d. Paid salaries, $38,500 (of which $6,500 was for salaries payable at the end of the prior year). e. Paid miscellaneous expense for various items, $20,800 f. Purchased equipment for $11,000 in cash. 9. Raid $2,525 in cash dividends to shareholders. c. Issued shares of common stock in exchange for $8,500 in cash. d. Paid salaries, $38,500 (of which $6,500 was for salaries payable at the end of the prior year). e. Paid miscellaneous expense for various items, $20,800. f. Purchased equipment for $11,000 in cash. g. Paid $2,525 in cash dividends to sharehoiders. 1. Accrued salaries at year-end amounted to $770. 2. Depreciation for the year on the equipment is $1,700. 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. Prepare an unadjusted trial balance. 6. Prepare an adjusted trial balance. 7-a. Prepare an income statement for 2021. 7.b. Prepare a balance sheet as of December 31,2021. 9. Prepare a post-closing trial balance. column next to the amount.) KARLIN COMPANY Unadjusted Trial Balance \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Account Title } & Debits & Credits \\ \hline Cash & & \\ \hline Accounts receivable & & \\ \hline Equipment & & \\ \hline Accumulated depreciation & & \\ \hline Salaries payable & & \\ \hline Common stock & & \\ \hline Retained earnings & & \\ \hline Dividends & & \\ \hline Service revenue & & \\ \hline Salaries expense & & \\ \hline Miscellaneous expenses & & \\ \hline Totals & & \\ \hline \end{tabular} KARLIN COMPANY Adjusted Trial Balance \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Account Title } & Debits & Credits \\ \hline Cash & & \\ \hline Accounts receivable & & \\ \hline Equipment & & \\ \hline Accumulated depreciation & & \\ \hline Salaries payable & & \\ \hline Common stock & & \\ \hline Retained earnings & & \\ \hline Dividends & & \\ \hline Service revenue & & \\ \hline Salaries expense & & \\ \hline Miscellaneous expenses & & \\ \hline Depreciation expense & & \\ \hline Totals & & \\ \hline \end{tabular} Prepare an income statement for 2021. Prepare a balance sheet as of December 31,2021 . (Amounts to be deducted should b KARLIN COMPANY Post-Closing Trial Balance

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