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prepare a balance sheet as of December 31, 2024

Additional information: h. Accrued salaries at year-end amounted to $995. i. Depreciation for the year on the equipment is $3,200. Required: 1 to 3. Prepare a general journal entry for each of the summary transactions listed. Record beginning balances in the T. accounts (on the T-accounts tab). Post the journal entries to the T-accounts. 4. Using the T-account balances, prepare an unadjusted trial balance. 5. Prepare adjusting journal entries using the additional information provided. Post to the T-accounts (on the T-accounts tab). 6. Using the adjusted T-account balances, prepare an adjusted trial balance. 7-a. Prepare an income statement for 2024. 7.b. Prepare a balance sheet as of December 31, 2024. 8. Prepare closing entries, and then post to the T-accounts (on the T-accounts tab) 9. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Prepare a balance sheet as of December 31,2024. Note: Amounts to be deducted should be indicated by a minus sign. The general ledger of the Karlin Company, a consulting company, at January 1,2024, contained the following account balances: The following is a summary of the transactions for the year: a. Provided services, $136,000, of which $40,800 was on account and the balance was received in cash. b. Collected on accounts receivable, $27,100. c. Issued shares of common stock in exchange for $16,500 in cash. d. Paid salaries, $49,750 (of which $10,250 was for salaries payable at the end of the prior year). e. Paid miscellaneous expense for various items, $26,800. f. Purchased equipment for $19,000 in cash. 9. Paid $3,300 in cash dividends to shareholders. Additional information: h. Accrued salaries at year-end amounted to $995. i. Depreciation for the year on the equipment is $3,200. Required

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