The general ledger of Pipers Plumbing at January 1, 2012, includes the following account balances: AccountsDebits Credits Cash$ 3,000 Accounts receivable7,500 Supplies2,500 Equipment20,000 Accumulated depreciation$ 3,500 Accounts payable4,000 Utilities payable5,000 Unearned revenue0 Common stock16,000 Retained earnings4,500 Totals$ 33,000 $ 33,000 The following is a summary of the transactions for the year: a. Provide plumbing services for cash, $16,500, and on account, $66,000. b. Collect on accounts receivable, $50,000. c. Issue shares of common stock in exchange for $10,000 cash. d. Pay salaries for the current year, $31,500. e. Pay for utilities expenses, $11,500, of which $5,000 represents costs for 2011. f. Receive cash in advance from customers, $8,500. g. Pay $2,000 cash dividends to stockholders.

Do the following:

a. Record each of the summary transactions listed above in a general journal.

b. Prepare an unadjusted trial balance. (Leave no cells blank - be certain to enter "0" wherever required. The items in the Trial Balance should be grouped as follows: Assets, Liabilities (in order of their liquidity), Equity, Revenues, and Expenses)

c. Record adjusting entries. Depreciation for the year on the machinery is $3,500. Plumbing supplies remaining on hand at the end of the year equal $1,100. Of the $8,500 paid in advance by customers, $5,500 of the work has been completed by the end of the year. (Record the transactions in the given order)