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

1.		January		24		Provide plumbing services for cash, $20,000, and on account, $65,000.
2.		March		13		Collect on accounts receivable, $53,000.
3.		May		6		Issue shares of common stock in exchange for $11,000 cash.
4.		June		30		Pay salaries for the current year, $33,000.
5.		September		15		Pay utilities of $7,000 from 2020 (prior year).
6.		November		24		Receive cash in advance from customers, $10,000.
7.		December		30		Pay $3,000 cash dividends to stockholders.

The following information is available for the adjusting entries.

Depreciation for the year on the machinery is $8,000. Plumbing supplies remaining on hand at the end of the year equal $1,100. Of the $10,000 paid in advance by customers, $7,000 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $6,000.

1. Record closing entries to revenue, expense and dividends account.

2. Post transactions, adjusting entries, and closing entries to T accounts.

3. Prepare a post closing trial balance.