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work (Algo) Saved Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4,3-5, 3-6, 3-7) [The following information applies to the questions displayed below.] The general ledger of Pipers Plumbing at January 1, 2021, includes the following account ba Credits Debits $ 3,900 8,900 2,900 24,000 $ 5,600 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals 3,600 4,600 17,000 8,900 $39,700 $39,700 The following is a summary of the transactions for the year: 1. January 24 Provide plumbing services for cash, $14,000, and on account, $59,000. 2. March 13 Collect on accounts receivable, $47,000. 3. May 6 Issue shares of common stock in exchange for $10,000 cash. 4. June 30 Pay salaries for the current year, $31,800. 5. September 15 Pay utilities of $4,600 from 2020 (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 th year equal $1,000. Of the $7,600 paid in advance by customers, $5,800 of the work has been completed b the end of the year. Accrued utilities at year-end amounted to $7,200. oblem 3-8B Part 7 5 6 of 9 II O saved Chapter 3 Homework (Algo) 5 Required information Part 4 of 8 PIPERS PLUMBING Adjusted Trial Balance December 31, 2021 Debit Credit Accounts 5.55 points Skipped eBook Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Dividends Print References LO Required information unues rayadie Part 4 of 8 Deferred Revenue Common Stock 55 ints Skipped Retained Earnings Dividends Service Revenue Salaries Expense Utilities Expense Supplies Expense Depreciation Expense Totals eBook $ 0 $ 0 Print ferences