Required information 10 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: Account Credite Cash Accounts Receivable Supplies Tiquipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common stock Metained Earnings Totale Debito $ 4,300 9,300 3,300 32,000 $ 7,200 5,200 6.200 0 21,000 9.00 $40,900 $40.900 Print 6 ferences The following is a summary of the transactions for the year. 1. January 24 Provide plumbing services for cash, $10,000, and on account, 563,000. 2. March 13 Collect on accounts receivable, 551,000. 3. May 6 Issue shares of common stock in exchange for $10,000 cash 4. June 30 Pay salaries for the current year. $32,600. 5. September 15 Pay utilities of 36,200 Eron 2020 (prior year). 6. November 24 Receive cash in advance from customer. 9,200. 7. December 30 Pay $2,600 cash dividenda to stockholders. The following information is available for the adjusting entries. Depreciation for the year on the machinery is $7.200. Plumbing supplies remaining on hand at the end of the year equal $1,000 of the $9,200 paid in advance by customers. $6,600 of the work has been completed by the end of the year Accrued utilities at year-end amounted to $6,400. Problem 3-8B Part 2 2. Prepare each of the summary transactions listed above. (If no entry is required for a particular transaction/ever Journal Entry Required" in the first account field.) View transaction list 1 Provide plumbing services for cash, $18,000, and on account, $63,000. 2 Collect on accounts receivable, $51,000. 3 Issue shares of common stock in exchange for $10,000 cos cash. Credit 4 Pay salaries for the current year, $32,600. 5. Pay utilities of $6,200 from 2020 (prior year). 6 Receive cash in advance from customers, $9,200. 7 Pay $2,600 cash dividends to stockholders. Note: = journal entry has been entered Record entry Clear entry View general Journal