The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances:

Accounts	Debits				Credits
Cash	$	3,750
Accounts Receivable		8,750
Supplies		2,750
Equipment		21,000
Accumulated Depreciation					$	5,000
Accounts Payable						3,000
Utilities Payable						4,000
Deferred Revenue						0
Common Stock						15,500
Retained Earnings						8,750
Totals	$	36,250			$	36,250

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

1.		January 24				Provide plumbing services for cash, $12,500, and on account, $57,500.
2.		March. 13				Collect on accounts receivable, $45,500.
3.		May. 6				Issue shares of common stock in exchange for $10,000 cash.
4.		June. 30				Pay salaries for the current year, $31,500.
5.		September. 15				Pay utilities of $4,000 from 2020 (prior year).
6.		November. 24				Receive cash in advance from customers, $7,000.
7.		December. 30				Pay $1,500 cash dividends to stockholders.

The following information is available for the adjusting entries.

Depreciation for the year on the machinery is $5,000. Plumbing supplies remaining on hand at the end of the year equal $1,000. Of the $7,000 paid in advance by customers, $5,500 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,500.

- Questions: Journal entry Worksheet:

1- Jan 24: Record plumbing services provided for cash, $12,500, and on account, $57,500.

2- March 13: Record the collection on accounts receivable, 45,500.

3- May 6: Record the issuance of shares of common stock in exchange for $10,000 cash.

4- June 30: Record the payment of salaries for the current year, $31,500.

5- September 15: Record the payment of utilities of $4,000 from 2020.

6- Nov 24: Record the cash received in advance from customers, $7,000.

7- December 30: Record payment of $1,500 cash dividends to stockholders.

8- December 31: Record the adjusting entry for depreciation.

9- December 31: Record the adjusting entry for supplies.

10- December 31: Record the adjusting entry for revenue earned. Of the $7,000 paid in advance by customers, $5,500 of the work has been completed by the end of the year.

11- December 31: Record the adjusting entry for accrued utilities. Accrued utilities at year-end amounted to $7,500.

12- December 31: Record the closing entry for revenue.

13- December 31: Record the closing entry for expenses.

14- December 31: Record the closing entry for cash dividends.