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, $44,000.
3. May 6Issue shares of common stock in exchange for $10,000 cash.
4. June 30Pay salaries for the current year, $31,200.
5. September 15 Pay for utilities expenses, $11,200, of which $3,400 represents costs for 2017.
6. November 24 Receive cash in advance from customers, $6,400.
7. December 30 Pay $1,200 cash dividends to stockholders.
8. 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.

The following information applies to the questions displayed below. The general ledger of Pipers Plumbing at January 1, 2018, includes the following account balances: Accounts Cash Accounts Recelvable Supplies Equipment Accumulated Depreclation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Deblts Credits S 3,600 8,600 2,600 18,000 S 4,400 2,400 3,400 0 14,000 8,600 Totals $32,800 $32.800 The following summary of the transacons for the year: a. January 24 Provide plumbing services for cash, S11,000, and on eccount, $56,000 b March 13 Collect on ccounts receivable, 544000 c. May 6lssue shares of common stock in exchange for $10,000 cash. d June 30Pay selaries for the current yeer, $31,200 e September 15 Pay for utilties expenses, $11,200, of which 53,400 represents costs for 2017 f. November 24 Recelve cosh in advance from customers, $6.400 g December 30 Pay $1,200 cash dividends to stockholders h. Depreciotion for the year on the machinery is $4.400. Plumbing supplies remaining on hand at the end of the year equal $1000. Of the 56,400 paid in advance by customers, $5,200 of the work hos been completed by the end of the year. 1., 3., 6 & 10. Enter the beginning balances from the trial balance and post the adjusting entries and the closing entries to the T-accounts Cash Accounts Receivable Beg. Bal Beg. Bal End. Bal End. Bal Supplies Equipment Beg. Bal Beg. Bal End. Bal End. Bal Accumulated Depreciation Accounts Payable Beg. Bal Beg. Bal End. Bal End. Bal Utilities Payable Deferred Revenue Beg. Bal Beg. Bal End. Bal End. Bal Common Stock Retained Earnings Beg. Bal Beg. Bal End. Bal End. Bal Dividends Service Revenue Beg. Bal Beg. Bal End. Bal End. Bal Salaries Expense Utilities Expense Beg. Bal Beg. Bal End. Bal End. Bal Supplies Expense Depreciation Expense Beg. Bal Beg. Bal End. Bal End. Ba 2. Prepare each of the summary transactions listed above. (f no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 7 Record the service revenue for the year. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 4. Prepare an unadjusted trial balance PIPERS PLUMBING Unadjusted Trial Balance December 31, 2018 ounts Debit Credit Cash Accounts receivable Supplies Equipment Accumulated depreciation Accounts payable Utilities payable Deferred revenue Common stock Retained earnings Dividends Service revenue Salaries expense Utilities expense Supplies expense Depreciation expense Totals 5. Record adjusting entries. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 Record the adjustment for depreciation Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 7. Prepare an adjusted trial balance PIPERS PLUMBING Adjusted Trial Balance December 31, 2018 Debit Accounts Cash Accounts receivable Supplies Equipment Accumulated depreciation Accounts payable Utilities payable Deferred revenue Common stock Retained earnings Dividends Service revenue Salaries expense Utilities expense Supplies expense Depreciation expense Credit Totals 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. Date General Journal DebitCredit December 31, 2018 Record entry Clear entry View general journal 11. Prepare a post-closing trial balance PIPERS PLUMBING Post-Closing Trial Balance December 31, 2018 Accounts Cash Accounts receivable Supplies Equipment Accumulated depreciation Accounts payable Deferred revenue Common stock Retained earnings Debit Credit Totals