The general ledger of Pipers Plumbing at January 1, 2018, includes the following account balances:

Accounts	Debits			Credits
Cash	$	4,400
Accounts Receivable		9,400
Supplies		3,400
Equipment		34,000
Accumulated Depreciation				$	7,600
Accounts Payable					5,600
Utilities Payable					6,600
Deferred Revenue					0
Common Stock					22,000
Retained Earnings					9,400
Totals	$	51,200		$	51,200

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

a. January 24 Provide plumbing services for cash, $19,000, and on account, $64,000.

b. March 13 Collect on accounts receivable, $52,000.

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

d. June 30Pay salaries for the current year, $32,800.

e. September 15 Pay for utilities expenses, $12,800, of which $6,600 represents costs for 2017.

f. November 24 Receive cash in advance from customers, $9,600.

g. December 30 Pay $2,800 cash dividends to stockholders.

h. Depreciation for the year on the machinery is $7,600. Plumbing supplies remaining on hand at the end of the year equal $1,200. Of the $9,600 paid in advance by customers, $6,800 of the work has 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.

2. Prepare each of the summary transactions listed above.

4. Prepare an unadjusted trial balance. 5. Record adjusting entries.

7. Prepare an adjusted trial balance.

8-a. Prepare an income statement for the year ended December 31, 2018.

8-b. Prepare a classified balance sheet for the year ended December 31, 2018.

9. Record closing entries.

11. Prepare a post-closing trial balance.