Question

**I have everything correct but the system says I am missing something. What component am I missing?

The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances:

   

Account Title	Debits		Credits
Cash	28,100
Accounts receivable	19,000
Equipment	33,000
Accumulated depreciation			9,900
Salaries payable			10,500
Common stock			50,000
Retained earnings			9,700
Total	80,100		80,100

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

1. Service revenue, $138,000, of which $41,400 was on account and the balance was received in cash.
2. Collected on accounts receivable, $27,400.
3. Issued shares of common stock in exchange for $17,000 in cash.
4. Paid salaries, $50,500 (of which $10,500 was for salaries payable at the end of the prior year).
5. Paid miscellaneous expense for various items, $27,200.
6. Purchased equipment for $19,500 in cash.
7. Paid $3,350 in cash dividends to shareholders.

1. Accrued salaries at year-end amounted to $1,010.
2. Depreciation for the year on the equipment is $3,300.

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.

2.,5.,& 8.: Prepare the summary, adjusting and closing entries for each of the transactions listed.

No Transaction General Journal Debit Credit Cash Accounts receivable Service revenue 96,600 41,400 138,000 27,400 Cash Accounts receivable 27,400 Cash 17,000 Common stock 17,000 Salaries expense Salaries payable Cash 40.000 10.500 50,500 27,200 Miscellaneous expense Cash 27,200 19,500 Equipment Cash 19.500 ooooooooooooooooooooooooo 3,350 Dividends Cash 3,350 h. 1,010 Salaries expense Salaries payable 1.010 3.300 Depreciation expense Accumulated depreciation 3,300 138,000 Service revenue Retained earnings 138,000 71,510 Retained earnings Salaries expense Miscellaneous expense 41,010 27,200 3.300 Depreciation expense 3,350 Retained earnings Dividends 3,350

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.

7a: Prepare an income statement for 2021.

7b: Prepare a balance sheet as of December 31, 2021. **NOTE THAT THE DROP DOWN MENU DOES NOT CONTAIN THE TITLE "NON-CURRENT ASSETS" or "TOTAL NON-CURRENT ASSETS"**

8: Prepare a post-closing trial balance

Answer 1

The only component that could have been missing is
amount columns for revenue and expense accounts have been left blank in post closing trial

Fill amount 0 for revenue and expense accounts in post closing trial
If something is missing after that also, dividend row may be inserted with 0 amount