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almost at deadline, would appreciate it com%252F/activity work (Algo) Saved Help [The following information applies to the questions displayed below.] The general ledger of Pipers
almost at deadline, would appreciate it
com%252F/activity work (Algo) Saved Help [The following information applies to the questions displayed below.] The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: 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: Ch Totals $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 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. * o II @ Required information t2 of 8 PIPERS PLUMBING Unadjusted Trial Balance December 31, 2021 Accounts Debit Credit UI $ ts 17,900 59,000 2,900 24,000 eBook 5,600 Print Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Dividends eferences SLO * o II @ Required information t2 of 8 PIPERS PLUMBING Unadjusted Trial Balance December 31, 2021 Accounts Debit Credit UI $ ts 17,900 59,000 2,900 24,000 eBook 5,600 Print Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Dividends eferences SLO Step by Step Solution
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