The general ledger of Pipers Plumbing at January 1, 2021, 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:

1.		January		24		Provide plumbing services for cash, $19,000, and on account, $64,000.
2.		March		13		Collect on accounts receivable, $52,000.
3.		May		6		Issue shares of common stock in exchange for $12,000 cash.
4.		June		30		Pay salaries for the current year, $32,800.
5.		September		15		Pay utilities of $6,600 from 2020 (prior year).
6.		November		24		Receive cash in advance from customers, $9,600.
7.		December		30		Pay $2,800 cash dividends to stockholders.

The following information is available for the adjusting entries.

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 $10,000 paid in advance by customers, $6,800 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $6,200.

Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances.