please complete the required. the general journal, income statement, and balance sheet.

GL2-14 Complete the full accounting cycle The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Credits Debits $ 3.900 8,900 2.900 24,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $5.600 3.600 4.600 17,000 8,900 $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, $59.000. 2. March 13 Collect on accounts receivable, $47,000. 3. May 6 Issue shares of common stock in exchange for $10,000 cash. 4. June 30 Pay salaries for the current year, $31,800. 5. September 15 Pay utilities of $4,600 from 2020 (prior year). 6. Novenber 24 Receive cash in advance from customers, $7,600. 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 the year equal $1,000. Of the $7,600 paid in advance by customers, $5,800 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,200. 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 the year equal $1,000. Of the $7,600 paid in advance by customers, $5,800 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,200. General Requirement General Ledger Trial Balance Income Statement Balance Sheet Journal 1. Record each of the transactions listed above in the 'General Journal' tab these are shown as items 1 - 7). Review 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). Recent General Journal > Check my work Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 ... Record plumbing services provided for cash, $14,000, and on account, $59,000. Note: Enter debits before credits Date General Journal Debit Credit January 24 Record entry Clear entry View general Journal THILUM Requirement Journal Ledger Trial Balance Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No account field.) View transaction list ped Record plumbing services provided for cash, $14,000, and on account, $59,000. 2 Record the collection on accounts receivable, 47,000. 3 Record the issuance of shares of common stock in exchange for $10,000 cash. nces 4 Record the payment of salaries for the current year, $31,800. Credit 5 Record the payment of utilities of $4,600 from 2020. 6 Record the cash received in advance from customers, $7,600. Note : = journal entry has been entered Record entry Clear entry View general journal Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No journa account field.) View transaction list 7 Record payment of $1,800 cash dividends to stockholders. 8 Record the adjusting entry for depreciation. 9 Record the adjusting entry for supplies. . 10 Record the adjusting entry for revenue earned. Of the $7,600 paid in advance by customers, $5,800 of the work has been completed by the end of the year. Credit 11 Record the adjusting entry for accrued utilities. Accrued utilities at year-end amounted to $7,200. 12 Record the closing entry for revenue. Note : = journal entry has been entered Record entry Clear entry View general journal X 9 Record the adjusting entry for supplies. 10 Record the adjusting entry for revenue earned. Of the $7,600 paid in advance by customers, $5,800 of the work has been completed by the end of the year. 11 Record the adjusting entry for accrued utilities. Accrued utilities at year-end amounted to $7,200. Credit 12 Record the closing entry for revenue. 13 Record the closing entry for expenses. 14 Record the closing entry for cash dividends. Note : = journal entry has been entered Record entry Clear entry View general journal ch the $7,000 paid in advance by customers, 55,800 or the work nas been completed by the end of the year. Accrued utilities a amounted to $7,200. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted - Pipers Plumbing Income Statement For the Year Ended December 31, 2021 Revenues: Total Revenues Expenses Total expenses the $7,000 paid in advance by customers, 55,800 of the work nas been completed by the end of the year. Accruea utilities amounted to $7,200. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. pod Unadjusted Unadjusted Adjusted Post-closing Pipers Plumbing Income Statement For the Year Ended December 31, 2021 rint erences Total Revenues Expenses: Total expenses Check Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is reported separately on th balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection, Unadjusted Pipers Plumbing Balance Sheet December 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Total Current Liabilities Stockholder's Equity Total Current Assets Long-term Assets: 0 Total Stockholder's Equity Total Liabilities and Stockholders' Equity Total Assets $