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: Credits Debits $ 4,000 9,000 3,000 26,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 6,000 4,000 5,000 0 18,000 9,000 $ 42,000 $ 42,000 The following is a summary of the transactions for the year: 1. January 2. March 3. May 24 Provide plumbing services for cash, $15,000, and on account, $60,000. 13 Collect on accounts receivable, $48,000. 6 Issue shares of common stock in exchange for $10,000 cash. The following information is available for the adjusting entries. Depreciation for the year on the machinery is $6,000. Plumbing supplies remaining on hand at the end of the year equal $1,000. Of the $8,000 paid in advance by customers, $6,000 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,000. Required information Credit Unadjusted Trial Balance December 31, 2021 Accounts Debit Cash 4,000 Accounts Receivable 9,000 $ Supplies 3,000 Equipment 26,000 Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Utilities Expense Supplies Expense Depreciation Expense 6,000 4,000 5,000 0 X 18,000 $ 9,000