The following is a summary of the transactions for the year: 1. January 24 Provide plumbing services for cash, $15,500, and on account, $60,500. 2. March 13 Collect on accounts receivable, $48,500. 3. May 6 Issue shares of common stock in exchange for $11,000 cash. 4. June 30 Pay salaries for the current year, $32,100. 5. September 15 Pay utilities of $5,200 from 2024 (prior year). 6 . November 24 Receive cash in advance from customers, $8,200. 7. December 30 Pay $2,100 cash dividends to stockholders. The following information is available for the adjusting entries. Depreciation for the year on the machinery is $6,200. Plumbing supplies remaining on hand at the end of the year equal $1,100. Of the $8,200 paid in advance by customers, $6,100 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $6,900. Prepare the journal entries for transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. The following is a summary of the transactions for the year: 1. January 24 Provide plumbing services for cash, $15,500, and on account, $60,500. 2. March 13 Collect on accounts receivable, $48,500. 3. May 6 Issue shares of common stock in exchange for $11,000 cash. 4. June 30 Pay salaries for the current year, $32,100. 5. September 15 Pay utilities of $5,200 from 2024 (prior year). 6 . November 24 Receive cash in advance from customers, $8,200. 7. December 30 Pay $2,100 cash dividends to stockholders. The following information is available for the adjusting entries. Depreciation for the year on the machinery is $6,200. Plumbing supplies remaining on hand at the end of the year equal $1,100. Of the $8,200 paid in advance by customers, $6,100 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $6,900. Prepare the journal entries for transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field