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eBookPrintReferencesCheck my workCheck My Work button is now enabledItem 1 4 The general ledger of Pipers Plumbing at January 1 , 2 0 2 4
eBookPrintReferencesCheck my workCheck My Work button is now enabledItem
The general ledger of Pipers Plumbing at January includes the following account balances:
Accounts Debits Credits
Cash $
Accounts Receivable
Supplies
Equipment
Accumulated Depreciation $
Accounts Payable
Utilities Payable
Deferred Revenue
Common Stock
Retained Earnings
Totals $ $
The following is a summary of the transactions for the year:
January Provide plumbing services for cash, $ and on account, $
March Collect on accounts receivable, $
May Issue shares of common stock in exchange for $ cash.
June Pay salaries for the current year, $
September Pay utilities of $ from prior year
November Receive cash in advance from customers, $
December Pay $ cash dividends to stockholders.
The following information is available for the adjusting entries.
Depreciation for the year on the machinery is $ Plumbing supplies remaining on hand at the end of the year equal $ Of the $ paid in advance by customers, $ of the work has been completed by the end of the year. Accrued utilities at yearend amounted to $
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