The following is a summary of the transactions for the year:

1. January 24 Provide plumbing services for cash, $14,500, and on account, $59,500.

2. March 13 Collect on accounts receivable, $47,500.

3. May 6 Issue shares of common stock in exchange for $12,000 cash.

4. June 30 Pay salaries for the current year, $31,900.

5. September 15 Pay utilities of $4,800 from 2023 (prior year).

6. November 24 Receive cash in advance from customers, $7,800.

7. December 30 Pay $1,900 cash dividends