Problem 3-8B (Algo) Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) The general ledger of Copper Plumbing at January 1, 2024, includes the following account balances: The following is a summary of the transactions for the year: 1. January 24 provide pluabing services for cash, $13,500, and on account, $58,500. 2. March 13 Collect on accounts receivable, $46,500. 3. May 6 Issue shares of common stock in exehange for $11,000 cash. 4. June 30 pay salaries for the current year, $31,700. 5. September 15 Pay utilities of $4,400 from 2023 (prior year). 6. November 24 Receive cash in advance from customers, $7,400. 7. December 30 pay $1,700 eash dividends to stockholders. Required: 2. Record each of the summary transactions listed above. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Depreciation for the year on the machinery is $5,400. Plumbing supplies remaining on hand at the end of the year equal $1,100. Of the $7,400 paid in advance by customers, $5,700 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,300. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2024. 8.b. Prepare the classified balance sheet for the year ended December 31, 2024. 9. Record closing entries. 1, 3., 6., \& 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 11. Prepare a post-closing trial balance. Prepare an unadjusted trial balance. Prepare an adjusted trial balance. Prepare the income statement for the year ended December 31, 2024. Prepare the classified balance sheet for the year ended December 31,2024 . (Amounts to be deducted should be indicated by a minus sign.) Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first field.) Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. Prepare a post-closing trial balance. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. (i) Reg 9 Req 11>