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 $ 4,500 Credits 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 year: 1. January 2. March 3. May 4. June 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. The following information is available for the adjusting entries. 5. September 15 Pay utilities or $1,000 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., 3., 6 & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 2 Beg. Bal Cash. Beg. Bal Accounts Receivable End. Bal 0 End. Bal. 0 Supplies Beg. Bal. Beg. Bal. Equipment End. Bal. End. Bal. 0 Accumulated Depreciation Accounts Payable Beg. Bal. Beg. Bal End. Bal. End. Bal. Utilities Payable Deferred Revenue. Beg. Bal. Beg. Bal. End. Bal End. Bal. Common Stock Retained Earnings Beg. Bal Beg. Bal. End. Bal. Dividends Beg. Bal. End. Bal. Salarios Expense 0 End. Bal. Service Revenue Beg. Bal. End. Bal. Utilities Expense 0 End. Bal. End. Bal. Salaries Expense Utilities Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Supplies Expense Depreciation Expense. Beg. Bal. Beg. Bal. End. Bal. End. Bal