Accounts	Debits			Credits
Cash	$	3,650
Accounts Receivable		8,650
Supplies		2,650
Equipment		19,000
Accumulated Depreciation				$	4,600
Accounts Payable					2,600
Utilities Payable					3,600
Deferred Revenue					0
Common Stock					14,500
Retained Earnings					8,650
Totals	$	33,950		$	33,950

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

1. January 24 Provide plumbing services for cash, $11,500, and on account, $56,500.
2. March 13 Collect on accounts receivable, $44,500.
3. May 6Issue shares of common stock in exchange for $12,000 cash.
4. June 30Pay salaries for the current year, $31,300.
5. September 15 Pay for utilities expenses, $11,300, of which $3,600 represents costs for 2017.
6. November 24 Receive cash in advance from customers, $6,600.
7. December 30 Pay $1,300 cash dividends to stockholders.
8. Depreciation for the year on the machinery is $4,600. Plumbing supplies remaining on hand at the end of the year equal $1,200. Of the $6,600 paid in advance by customers, $5,300 of the work has been completed by the end of the year.

The general ledger of Pipers Plumbing at January 1, 2018, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Debits Credits $3,650 8,650 2,650 19,000 4,600 2,600 3,600 Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings 14,500 8,650 Totals $33,950 $33,950 The following is a summary of the transactions for the year. a. January 24 Provide plumbing services for cash, $11,500, and on account, $56,500. b. March 13 Collect on accounts receivable, $44,500. C. May 6lssue shares of common stock in exchange for $12,000 cash. d. June 30Pay salarles for the current year, $31,300. e. September 15 Pay for utilities expenses, $11,300, of which $3,600 represents costs for 2017 f. November 24 Receive cash in advance from customers, $6,600. g. December 30 Pay $1,300 cash dividends to stockholders. h. Depreciation for the year on the machinery is $4,600. Plumbing supplies remaining on hand at the end of the year equal $1,200. Of the $6,600 paid in advance by customers, $5,300 of the work has been completed by the end of the year No Transaction General Journal Debit Credit Cash 11,500 56,500 a. Accounts receivable Service revenue 68,000 Cash 44,500 Accounts receivable 44,500 C. Cash 12,000 Common stock 12,000 Salaries expense 31,300 Cash 31,300 Utilities expense Utilities payable 7,700 3,600 Cash 11,300 Cash 6,600 Deferred revenue 6,600 Dividends 1,300 Cash 1,300 Journal entry worksheet Record the adjustment for revenue earned. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal 7. Prepare an adjusted trial balance. PIPERS PLUMBING Adiusted Trial Balance December 31, 2018 Credit Accounts Cash Accounts receivable Supplies Equipment Accumulated depreciation Accounts payable Utilities payable Deferred revenue Common stock Retained earnings Dividends Service revenue Salaries expense Utilities expense Supplies expense Depreciation expense Debit Totals 0