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: The following is a summary of the transactions for the year: 1. January 24 Provide plumbing services for cash, $10,500, and on account, $55,500. 2. March 13 Collect on accounts receivable, $43,500. 3. May 6 Issue shares of common stock in exchange for $11,000cash. 4. June 30 Pay salaries for the current year, $31,100. 5. September 15 Pay utilities of $3,200 from 2020 (prior year). 6. November 24 Receive cash in advance from customers, $6,200. 7. December 30 Pay $1,100 cash dividends to stockholders. The following information is available for the adjusting entries. Depreciation for the year on the machinery is $4,200. Plumbing supplies remaining on hand at the end of the year equal $1,100. Of the $6,200 paid in advance by customers, $5,100 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,900. Problem 3-8B Part 1, 3, 6, 10 3., 6 \& 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances