The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals Debits Credits $ 4,500 9,500 3,500 36,000 $ 8,000 6,000 7,000 0 23,000 9,500 $53,500 $53,500 The following is a summary of the transactions for the 1. January 2. March 3. May 4. June year: 24 Provide plumbing services for cash, $20,000, and on account, $65,000. 13 Collect on accounts receivable, $53,000. 6 Issue shares of common stock in exchange for $11,000 cash. 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. 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. 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 Record the entry to close the revenue accounts. Nota: Enter Mahits hafore credit Journal entry worksheet < 1 2 3 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date December 31 General Journal Debit Credit of 8 ok ht nces Journal entry worksheet 3 Record the entry to close the expense accounts. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Journal entry worksheet < 1 2 Record the entry to close the dividends account. Note: Enter debits before credits. Date December 31 General Journal Debit Credit