Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) (The following information applies to the questions displayed below.) The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $ 4,150 Accounts Receivable 9,150 Supplies 3,150 Equipment 29,000 Accumulated Depreciation $ 6,600 Accounts Payable 4,600 Utilities Payable 5,600 Deferred Revenue Common Stock 19,500 Retained Earnings 9,150 Totals $45,450 $45,450 The following is a summary of the transactions for the year: 1. January 24 Provide plumbing services for cash, $16,500, and on account, $61,500. 2. March 13 Collect on accounts receivable, $49,500. 3. May 6 Issue shares of common stock in exchange for $10,000 cash. 4. June 30 Pay salaries for the current year, $32,300. 5. September 15 Pay utilities of $5,600 from 2020 (prior year). 6. November 24 Receive cash in advance from customers, $8,600. 7. December 30 Pay $2,300 cash dividends to stockholders. The following information is available for the adjusting entries. Depreciation for the year on the machinery is $6,600. Plumbing supplies remaining on hand at the end of the year equal $1,000. Of the $8,600 paid in advance by customers, $6,300 of the work has been completed by the end of the war Arned utilities at year-end amounted to $6,700. 11. Prepare a post-closing trial balance. PIPERS PLUMBING Post-Closing Trial Balance December 31, 2021 Debit Accounts Credit Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Utilities Expense Supplies Expense Depreciation Expense Total