The general ledger of Pipers Plumbing at January 1, 2021. Includes the following account balances: Accounts Debits Credits Cash $ 4,350 Accounts Receivable 9,350 Supplies 3,25e Equipment 33,000 Accumulated Depreciation $ 7,400 Accounts Payable 5.400 Utilities Payable 6,400 Deferred Revenue Coon Stock 21,500 Retained Earnings 9.350 Totals $50,050 350,050 The following is a summary of the transactions for the year: 1. January 24 Provide plumbing services for cash, $13,500, and on account: $63,500. 2. March 13 Collect on accounts receivable, 551,500. 3. May 6 Issue shares of common stock in exchange for $11,000 cash 4. June 30 Pay salaries for the current year, $32,700. 5. September 15 Pay utilities of $6,400 from 2020 (prior year). 6. November 24 Receive cash in advance from customers, 59,400. 7. December 30 pay $2,700 cash dividends to stockholders The following information is available for the adjusting entries. Depreciation for the year on the machinery is $7.400. Plumbing supplies remaining on hand at the end of the year equal $1,100. Of the $9.400 paid in advance by customers. $6.700 of the work has been completed by the end of the year Accrued utilities at year end amounted to $6.300 Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 7). Review the "General Ledger and the Trial Balance' tabs to see the effect of the transactions on the account balances 2. Record the adjusting entries in the 'General Journal' tab (these are shown as items 8-10). 3. Review the adjusted Trial Balance as of December 31, 2021. 4. Prepare an income statement for the period ended December 31, 2021, in the 'Income Statement' tab. 5. Prepare a classified balance sheet as of December 31, 2021 in the Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab (these are shown as items 11-13). Recent General Journal > Trial Balance Balance Sheet Journal Requirement Ledger Statement Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record plumbing services provided for cash, 518,500, and on account, $63,500 Note: Enter det before credits General Journal Debit Credit Date January 24 Record entry Clear entry View general Journal Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted General Ledger Account Cash No. Debit Credit Date January 01 Balance 4,350 No. Accounts Receivable Debit Credit Date January 01 Balance 9,350 Supplies Debit No. Date January 01 Credit Equipment Debit No. Credit Balance 3,350 Date January 01 Balance 33,000 No. Accumulated Depreciation Date Debit Credit January 01 Accounts Payable Debit Credit Balance 7,400 No. Date January 01 Balance 5,400 Utilities Payable Debit Credit Common Stock No Date No. Balance 6,400 Debit Credit January 01 Date January 01 Balance 21.500 Retained Earnings Debit Credit No. Date January 01 Balance 9.350 Geneumol Til Balance General General Requirement Income Trial Balance Balance Sheet Journal Ledger Statement The ending balance values from the General Ledger tab flows through to the Trial Balance below. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection Unadjusted Pipers Plumbing Trial Balance December 30, 2021 Account Title Credit S Debit 4,350 9,350 3,350 33,000 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Common Stock Retained Eamings Total 17.400 5,400 6.400 21,500 9,350 $ 50,050 $ 50.050 General General Requirement Thal Balance lacome Balance Sheet Journal Ledger Statement Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection, Unadjusted Pipers Plumbing Income Statement For the Year Ended December 31, 2021 Revenues Total Revenues Expenses Total expenses