1 ES Book Print 0 erences The general ledger of Pipers Plumbing at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals Debits $ 3,900 8,900 2,900 24,000 1. January 24 2. March 13 $ 39,700 Credits $ 5,600 3,600 4,600 0 17,000 8,900 $ 39,700 The following is a summary of the transactions for the year: Provide plumbing services for cash, $14,000, and on account, $59,000. Collect on accounts receivable, $47,000. Issue shares of common stock in exchange for $10,000 cash. 3. May 6 4. June 30 5. September 15 6. November 24 7. December 30 The following information is available for the adjusting entries. Depreciation for the year on the machinery is $5,600. Plumbing supplies remaining on hand at the end of the year equal $1,000. Of the $7,600 paid in advance by customers, $5,800 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,200. Pay salaries for the current year, $31,800. Pay utilities of $4,600 from 2024 (prior year). Receive cash in advance from customers, $7,600. Pay $1,800 cash dividends to stockholders. Check my work

1 The general ledger of Pipers Plumbing at January 1, 2024, Includes the following account balances: Accounta Cash Debita Credits $3,900 Accounts Receivable 8,900 Supplies 2,900 24,000 Accounts Payable cumulated Depreciation $5,600 Utilities Payable -Book Deferred Revenue 3,600 4,600 Common Stock Retained Earnings Totals $39,700 17.000 8,900 $39,700 Print The following is a summary of the transactions for the year: 1. January 24 0 erences 3. May 6 2. March 13 4. June 30 5. September 15 Provide plumbing services for cash, $14,000, and on account, $59,000. Collect on accounts receivable, $47,000. Issue shares of common stock in exchange for $10,000 cash.. Pay salaries for the current year, $31,800. Pay utilities of $4,600 from 2024 (prior year). 6. November 24 Receive cash in advance from customers, $7,600. 7. December 30 Pay $1,800 cash dividends to stockholders. The following information is available for the adjusting entries. Depreciation for the year on the machinery is $5,600. Plumbing supplies remaining on hand at the end of the year equal $1,000. Of the $7,600 paid in advance by customers, $5,800 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,200. Check my work