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help Required Information The following information applies to the questions displayed below) The general ledger of Pipers Plumbing at January 1, 2021, Includes the following
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Required Information The following information applies to the questions displayed below) The general ledger of Pipers Plumbing at January 1, 2021, Includes the following account balances: Accounts Debits Credito Cash $ 3,600 Accounts Receivable 8,600 Supplies 2,600 Equipment 18,000 Accumulated Depreciation $ 4,400 Accounts Payable 2,400 Utilitien Payable 3,400 Deferred Revenue Common Stock 14,000 Retained Earnings 8,600 Totale $32,800 $32.800 The following is a summary of the transactions for the year: 1. January 24 Provide plumbing services for cash. $11,000, and on account, $56,000. 2. March 1) Collect on Accounts receivable, $44.000. 3. May 6. Issue shares of common took in exchange for $10,000 cash. 4. June 30 Pay salaries for the current year, $31,200. 5. September 15 Pay utilities of $3,400 fron 2020 prior year). 6. November 24 Hoceive cash in advance tron customers, $6,400. 7. December 30 PAY $1.200 cash dividende to stockholders. The following Information is available for the adjusting entries. Depreciation for the year on the machinery is $4,400. Plumbing supplies remaining on hand at the end of the year equal $1.000. Or the $6,400 paid in advance by customers, 55,200 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,800. 5. Record adjusting entries. Depreciation for the year on the machinery is $4,400. Plumbing supplies remaining on hand at the end of the year equal $1,000. Of the $6,400 paid in advance by customers, 55,200 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,800. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction lit Journal entry worksheet 1 2 3 4 The following information is available for the adjusting entries. Depreciation for the year on the machinery is $4,400. Plumbing supplies remaining on hand at the end of the year equal $1,000. Of the $6,400 paid in advance by customers, $5,200 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,800, 5. Record adjusting entries. Depreciation for the year on the machinery is $4,400. Plumbing supplies remaining on hand at the end of the year equal $1,000. Of the $6,400 paid in advance by customers, $5,200 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,800. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transactlon list Journal entry worksheet Step by Step Solution
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