Help The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances Sa Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals Debits Credits $ 3,800 8,888 2,800 22,888 $ 5,200 3,200 4,200 @ 16,000 8,888 $37,400 $37,400 The following is a summary of the transactions for the year: 1. January 24 Provide plumbing services for cash, $13,000, and on account, $58,000. 2. March 13 Collect on accounts receivable, $46,eee. 3. May 6 Issue shares of common stock in exchange for $12, eee cash. 4. June 3e Pay salaries for the current year, $31,680. 5. September 15 Pay utilities of $4,200 from 2020 (prior year). 6. November 24]Receive cash in advance from customers, $7,200. 7. December 30 Pay $1,600 cash dividends to stockholders. The following information is available for the adjusting entries. Sveta The following is a summary of the transactions for the year. 1. January 24 Provide plumbing services for cash, $13,000, and on account, 358,000. 2. March 13 Collect on accounts receivable, $46,000 3. May 6 Issue shares of common stock in exchange for $12,000 cash. 4. June 30 Pay salaries for the current year, $31,680. 5. September 15 Pay utilities of $4,2ee from 2020 (prior year) 6. November 24 Receive cash in advance from customers, $7,280. 7. December 3e Pay $1,6ee cash dividends to stockholders. The following information is available for the adjusting entries. Depreciation for the year on the machinery is $5,200. Plumbing supplies remaining on hand at the end of the year equal $1,200 Of the $7,200 paid in advance by customers, $5,600 of the work has been completed by the end of the year Accrued utilities at yout-end amounted to $7,400. Balance Sheet Trial Balance Income Statement General Journal General Ledger Requirement Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-dosing balances will appear for each account, based on your selection. ng Information is available for the adjusting entries Depreciation for the year on the machinery is $5,200. Plumbing supplies remaining on hand at the end etre you get 1.200 04 the $7,200 paid in advance by customers, $5,600 of the work has been completed by the end of the year Accredited at your end amounted to $7,400. Requirement General General Journal Income Ledger Trial Balance Statement Balance Sheet 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as item 1 - 7). Revies the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances 2. Record the adjusting entries in the 'General Journal' tab (these are shown as items 8-10). 3. Review the adjusted "Trial Balance' as of December 31, 2021. 4. Prepare an income statement for the period ended December 31, 2021, in the "Income Statement tab. 5. Prepare a classified balance sheet as of December 31, 2021 in the Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab (these are shown as items 11-13). 1 of 6 Next > The following information is available for the adjusting entries. Depreciation for the year on the machinery is $5,200. Plumbing supplies remaining on hand at the end of the year 2000 the $7,200 paid in advance by customers, $5,600 of the work has been completed by the end of the year Accrued synd amounted to $7,400. Requirement General General Journal Income Ledger Trial Balance Statement Belance Sheet Prepare the journal entries for transactions. (If no entry is required for a transaction/evert, wiec "Ne postal entry toured in the first account field.) View transaction list Journal entry worksheet 1 4 B. 2 14 5 6 7 Record plumbing services provided for cash, $13,000, and on account, $58,000 Requirement General Journal General Ledger Trial Balance Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-dosing balances appear for each account, based on your selection. Income Statement Balance Shest Unadjusted General Ledger Account Cash No. Debit Accounts Receivable Debit Credit Date January 01 Credit No. Balance 3,800 Balance Date January 01 Supplies Egu Debit No. Balance Credit Credit No Debit Date January 01 Balance 2.800 Date January 01 Accounts Payable Debit Credit Balance No. No. Accumulated Depreciation Date Debit Credit January 01 Date January 01 Balance 5.200 BE: Next > unc ems Saved will appear for each account, based on your selection. Unadjusted Pipers Plumbing Income Statement For the Year Ended December 31, 2021 Revenues: Service Revenue 0 Total Revenues Expenses Salaries Expense + Total expenses 0 $ 0 Preu 6 Next