Required information 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 Debita Credits Cash 54,300 Account Receivable 9,300 Supplies 3,300 Equipment 32,000 Accumulated Depreciation Accounts Payable 5.200 Utilities Payable Deferred Revenue Common Stock 21,000 Retained Earnings 9.300 540.900 $ 7.200 6.200 0 $48.900 Totale The following is a summary of the transactions for the year 1. January 24 provide plumbing services for cash, $10,000, and on account, $63,000. 26 March 13 Collect on accounts receivable, $51.000. 3. May Tseve shares of common stock in exchange for $10,000 cash. 4. June 30 Paysalaries for the current year. $32,600. 5. september 15 ray utilities of $6,200 from 2020 (prior year) 6. November 24 Receive cash in advance from customers, 09.200. 7. December 30 Pay $2,600 cash dividends 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, 56,600 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $6,400 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal account field.) View transaction list Journal entry worksheet 2 3 Record the entry to close the revenue accounts. Note: Enter debits before credits Date General Journal Debit Credit December 31 Record entry Clear entry View general Journal 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journa account field.) View transaction list Journal entry worksheet