im almost done, this problem is one of the last
mework (Algol work (Algolo The following information applies to the questioned below) The general ledger of Pipers Plumbing at January 2021, includes the following account balances Accounts Debits Credits Cash $ 3,00 Accounts Receivable Supplies 2,90 Equipment 24,000 Accumulated Depreciation $ 5,600 Accounts Payable 3.600 Utilities Payable 4,600 Deferred Revenue Common Stock 17,000 Retained Earnings 8.900 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, 59,00 2. March 13 Collect on accounts receivable, 547,000. 13. May 6 Issue shares of common stock in exchange for $10,000 cash. 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, 57,600. 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 year equal $1000, of the 57600 paid in advance by customers, $5,800 of the work has been completed the end of the year Accrued lities at year-end amounted to 17200 The following is used the transactions for the year oblem 3-8B Part 8 Net & Prev Next > mework (Algol work (Algolo The following information applies to the questioned below) The general ledger of Pipers Plumbing at January 2021, includes the following account balances Accounts Debits Credits Cash $ 3,00 Accounts Receivable Supplies 2,90 Equipment 24,000 Accumulated Depreciation $ 5,600 Accounts Payable 3.600 Utilities Payable 4,600 Deferred Revenue Common Stock 17,000 Retained Earnings 8.900 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, 59,00 2. March 13 Collect on accounts receivable, 547,000. 13. May 6 Issue shares of common stock in exchange for $10,000 cash. 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, 57,600. 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 year equal $1000, of the 57600 paid in advance by customers, $5,800 of the work has been completed the end of the year Accrued lities at year-end amounted to 17200 The following is used the transactions for the year oblem 3-8B Part 8 Net & Prev Next >
