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Seved The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Credits Debita $ 3,900 8,900 2,900 24,000 Accounts Cash
Seved The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Credits Debita $ 3,900 8,900 2,900 24,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deterred Revenue Common Stock Retained larnings Totala ipped $ 5,600 3,600 4,600 0 17.000 8.900 $39,700 BOOK $39,700 The following is a summary of the transactions for the year Print erences 1. January 24 Provide plumbing services for cash, $14,000, and on account, $59,000. 2. March 13 Collect on accounts receivable, 547,000 3. May 6 Issue shares of common stock in exchange for $10,000 cash. 4. June 30 Day salaries for the current year, $31,800. 5. September 15 Pay utilities of $4,600 from 2020 (prior year). 6. November 24 Receive cash in advance from customers, 57,600. 7. December 30 Yay $1,800 cash dividends to stockholders The following information is available for the adjusting entries. Depreciation for the year on the machinery is $5,600, Plumbing supplies remaining on hand at the end of the year equal 51,000. Of the 57.600 paid in advance by customers, 55,800 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7.200 Requirement General General Journal Trial Balance Income Ledger Statement Balance Sheet Prepare the journal entries for transactions. ( no entry is required for a transaction/event, select "No joung entry required in the first account field.) View transaction lit Journal entry worksheet amounted to $7,200. General Requirement General Income Trial Balance Balance Sheet Journal Ledger Statement Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted General Ledger Account Cash No. Debit Date January 01 Credit Accounts Receivable Debit Credit No. Balance 3,900 Date January 01 Balance 8,900 Supplies Debit No. Date January 01 Credit Equipment Debit Balanco 2,900 No. Credit Dato January 01 Balance 24,000 No. Accumulated Depreciation Date Debit Credit January 01 Accounts Payable Debit Credit Balance No. 5,600 Dato January 01 Balance 3,600 Utilities Payable Common Stock No. Debit Credit Date January 01 No. Debit Balance 4,600 Credit Dato January 01 Balance 17,000 Retained Earnings Credit No. Debit Date January 01 Balance 8,900 General Journal Trial Balance > Depreciation for the year on the machinery is $5,600. Plumbing supplies remaining on hand at the end of the year equal $1 the $7600 paid in advance by customers, $5,800 of the work has been completed by the end of the year. Accrued utilities amounted to $7,200. General Requirement General Income Journal Thal Balance Balance Sheet Ledger Statement The ending balance values from the General Ledger tab flows through to the Trial Balance below. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Pipers Plumbing Trial Balance December 30, 2021 Account Title Debit Credit $ 3,900 8,900 2,900 24,000 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Common Stock Retained Earnings Total 5,600 3,600 4,600 17,000 8,900 39,700 39,700 s The following information is available for the adjusting entries. Depreciation for the year on the machinery is $5,600. Plumbing supplies remaining on hand at the end of the year equal $1,0 the $7,600 paid in advance by customers, $5,800 of the work has been completed by the end of the year. Accrued utilities at amounted to $7,200. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Pipers Plumbing Income Statement For the Year Ended December 31, 2021 Revenues: Total Revenues Expenses Total expenses Trial Balance Balance Sheet> 7. December 30 pay $1,800 cash dividends to stockholders. The following Information is available for the adjusting entries. Depreciation for the year on the machinery is $5,600. Plumbing supplies remaining on hand at the end of the year equal $1,000. Of the $7,600 pald in advance by customers, $5,800 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,200. General General Requirement Income Trial Balance Journal Ledger Balance Sheet Statement The balance sheet is the accounting equation: Assets = Llabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Pipers Plumbing Balance Shoot December 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Total Current Liabilities Stockholder's Equity Total Current Assets Long-term Assets Total Assets Total Stockholder's Equity Total Liabilities and Stockholders' Equity
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