Solve for closing entries for revenue, expenses, and cash dividends

The general ledger of Pipers Plumbing at January 1, 2021, Includes the following account balances Credits Debits $ 3,600 8,600 2,600 18,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 4,400 2,400 3,400 e 14, eee 8,600 $32,800 $32,800 The following is a summary of the transactions for the year 1. January 24 Provide plumbing services for cash, $11,000, and on account, $56,000 2. March 13 Collect on accounts receivable, 544,eee. 3. May 6 Issue shares of connon stock in exchange for $10,000 cash 4. June 3e Pay salaries for the current year, $31,200. 5. September 15 Pay utilities of $3,4ee fron 2020 (prior year). 6. November 24 Receive cash in advance from customers, 56,400. 7. December 30 Pay $1,200 cash dividends to stockholders The following information is available for the adjusting entries Depreciation for the year on the machinery is $4,400 Plumbing supplies remaining on hand at the end of the year equal $1,000. Of the $6,400 paid in advance by customers, $5,200 of the work has been completed by the end of the year Accrued utilities at year-end amounted to $7,800 Record the closing entry for revenue. Note: Enter debits before credits General Journal Debit Credit Date December 31 Record entry Clear entry View general Journal Record the closing entry for expenses. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal Journal entry worksheet