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please help me figure out what I'm doing wrong The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Credits

please help me figure out what I'm doing wrong

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The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Credits Debits $ 4,350 9,350 3,350 33,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 7,400 5,400 6,400 21,500 9,350 $50,050 $50,050 The following is a summary of the transactions for the year: 1. January 24 Provide plumbing services for cash, $18,500, and on account, $63,500. 2. March 13 Collect on accounts receivable, $51,500. 3. May 6 Issue shares of common stock in exchange for $11,000 cash. 4. June 30 Pay salaries for the current year, $32,700. 5. September 15 Pay utilities of $6,400 from 2020 (prior year). 6. November 24 Receive cash in advance from customers, $9,400. 7. December 30 Pay $2,700 cash dividends to stockholders. The following information is available for the adjusting entries. Depreciation for the year on the machinery is $7,400. Plumbing supplies remaining on hand at the end of the year equal $1,100. Of the $9.400 paid in advance by customers, $6,700 of the work has been completed by the end of the year. Accrued utilities at year-end Problem i Saved Help Depreciation for the year on the machinery is $7,400. Plumbing supplies remaining on hand at the end of the year equal $1,100. O $9,400 paid in advance by customers, $6,700 of the work has been completed by the end of the year. Accrued utilities at year-en amounted to $6,300. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 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). General Journal > Cash 18.500 January 24 63.500 Accounts Receivable Service Revenue 82,000 March 13 Cash 51.500 Accounts Receivable 51.500 May 08 Cash 11.000 Common Stock 11.000 June 30 32.700 Salaries Expense Cash 32.700 September 15 8.400 Utilities Payable Cash 8.400 November 24 0.400 Deferred Revenue 9.400 7 December 30 2.700 Dividends Cash 2,700 8 December 31 7.400 Depreciation Expense Accumulated Depreciation 7.400 9 December 31 2.250 Supplies Expense Supplies 2.250 10 December 31 Utilities Payable Cash 6.700 6.700 11 December 31 No Transaction Recorded 12 December 31 Service Revenue Retained Earnings 91.400 91.400 13 December 31 48.750 Retained Earnings Salaries Expense Utilities Expense Supplies Expense Depreciation Expense 32.700 6.400 2.250 7-400 December 31 Retained Earnings Dividends 2.700 2.700 erge Problem Saved He 13 December 31 14 December 31 48,750 2,700 52,00U 49,300 Dividends Service Revenue Debit Credit Balance Debit Credit Balance No. Date January 01 7 December 30 14 December 31 0 2,700 No. Date January 01 1 January 24 12 December 31 0 2,700 82,000 2,700 0 91,400 82,000 (9.400) Depreciation Expense Debit Credit Supplies Expense Debit Credit Balance No. Date January 01 8 December 31 13 December 31 No. Date January 01 9 December 31 13 December 31 Balance 0 2,250 7,400 7,400 2,250 7,400 0 2,250 Salaries Expense Debit Credit Utilities Expense Debit Credit Balance Balance No. Date January 01 4 June 30 13 December 31 No. Date January 01 13 December 31 0 32.700 32.700 6,400 (6,400) 32.700 0 Prev 1 of 6 Next > The ending balance values from the General Ledger tab flows through to the Trial Balance below. The unadjusted, adjusted, or post closing balances will appear for each account, based on your selection. Post closing Pipers Plumbing Thal Balance December 31, 2021 Account Title Debit Credit S 52,950 21.350 1.100 33.000 14.800 5,400 Accounts Receivable - Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Eamings Service Revenue Utilities Expense Total 6.700 9.400 32,500 40,300 9.400 8.400 S 124,500 S 117.800 Requirement General Joumal General Ledger Trial Balance Income Statement Balance 9 Choose the appropriate accounts to be reported on the income statement. The u will appear for each account, based on your selection. Post-closing Pipers Plumbing Income Statement For the Year Ended December 31, 2021 Revenues Service Revenue Total Revenues Expenses Seres Expense Suppes Expense 5 The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is reported separat balance sheet. The unadjusted, adjusted, or post-dosing balances will appear for each account, based on your selection. Post-closing Assets Pipers Plumbing Balance Sheet December 31, 2021 Liabilities Current Liabilities: 52,950 Accounts Payable 21,350 Utilities Payable 1.100 Deferred Revenue Current Assets s 5.400 Cash Accounts Receivable Supplies 16,700) 9.400 8.100 32.500 Total Current Liabilities Stockholder's Equity 75,400 Common Sicok Retained Earnings 33.000 Tota Stockholders Eousty 93.800 Total Liabetes and Stockho ders Equity 49.300 0 Total Current Assets Long-term Assets Equipment Accumulated Depreciation Total Assets 81,800 89.900 S

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