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

Accounts	Debits			Credits
Cash	$	4,500
Accounts receivable		9,500
Supplies		3,500
Equipment		36,000
Accumulated depreciation				$	8,000
Accounts payable					6,000
Utilities payable					7,000
Deferred revenue					0
Common stock					23,000
Retained earnings					9,500
Totals	$	53,500		$	53,500

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

January 24 Provide plumbing services for cash, $20,000, and on account, $65,000.

March 13 Collect on accounts receivable, $53,000.

May 6 Issue shares of common stock in exchange for $11,000 cash.

June 30 Pay salaries for the current year, $33,000.

September 15 Pay for utilities expenses, $13,000, of which $7,000 represents costs for 2017.

November 24 Receive cash in advance from customers, $10,000.

December 30 Pay $3,000 cash dividends to stockholders.

Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) 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 Supplles Equlpment Accumulated depreclation Accounts payable Utilities payable Deferred revenue Common stock Retalned earnings Deblts Credits S 4,500 9,500 3,500 36,000 $ 8,000 6,000 7,000 0 23,000 9,500 Totals $53,500 $53,500 The following is a summary of the transactions for the year: a. January 24 Provide plumbing services for cash, $20,000, and on account, $65,000 b. March 13 Collect on accounts receivable, $53,000 c. May 6 Issue shares of common stock in exchange for $11,000 cash. d. June 30 Pay salaries for the current year, $33,000 e. September 15 Pay for utilities expenses, $13,000, of which $7,000 represents costs for 2017 f. November 24 Receive cash in advance from customers, $10,000 g. December 30 Pay $3,000 cash dividends to stockholders