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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
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 account balances: Credits Debits $ 3,600 8,600 2,600 18,000 Account Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenge Common Stock Retained Earnings Totale $ 4,400 2,400 3,400 0 14,000 8,600 $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 13 Collect on accounts receivable, $44,000. 3. May 6 Issue shares of common stock in exchange for $10,000 cach. 4. June 30 Pay salaries for the current year, $31,200. 5. September 15 Pay utilities of $3,400 from 2020 (prior year). 6. November 24 Receive cash in advance from 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 tear equal $1,000. Or 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. 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction fiat Journal entry worksheet
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