The general ledger of the Karlin Company, a consulting company, at January 1, 2009, contained the following account balances: Account Title Debits Credits

Cash 30,000
Accounts receivable 15,000
Allowance for uncollectible accounts 500
Equipment 20,000
Accumulated depreciation 6,000
Salaries payable 9,000
Common stock 40,000
Retained earnings 9,500
Total 65,000 65,000

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

a. Sales of services, $100,000, of which $30,000 was on credit.
b. Collected on accounts receivable, $27,300.
c. Issued shares of common stock in exchange for $10,000 in cash.
d. Paid salaries, $50,000 (of which $9,000 was for salaries payable).
e. Paid miscellaneous expenses, $24,000.
f. Purchased equipment for $15,000 in cash.
g. Paid $2,500 in cash dividends to shareholders.

Required:
1. Set up the necessary T-accounts and enter the beginning balances from the trial balance.
2. Prepare a general journal entry for each of the summary transactions listed above.
3. Post the journal entries to the accounts.
4. Prepare an unadjusted trial balance.