This has been posted several times on Chegg and so far all of the answers are done incorrectly or not complete.

What would be the closing general journal entries for this company?

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:

January 24 Provide plumbing services for cash, $20,000, and on account, $65,000.

March 13 Collect on accounts receivable, $53,000.

May 6 Issue shares of common stock in exchange for $11,000 cash.

June 30 Pay salaries for the current year, $33,000.

September 15 Pay for utilities expenses, $13,000, of which $7,000 represents costs for 2017.

November 24 Receive cash in advance from customers, $10,000.

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.

The following information applies to the questons desplayed beow] The general ledger of Pipers Plumbing at January 1, 2018. Includes the followng account balances: Accounts Debits 4500 eceivable 9500 Supplies 3,500 Equipment 30,000 S 8.000 Accumulated depreciation Accounts payable 6,000 7.000 Utilities payable Deferred revenue stock 23.000 9,500 Retained earning $53,500 S53,500 otals The following is a summary of Lhe uansactions for the year. a. January 24 Provide plumbing services for cash, $20,000, and on account, $65.000. b. March 13 Collect on accounts receivable, $53,000. May 6 Issue shares of common stock in exchange for $11,000 cash. d. June 30 pay salarics tor the cument year, $33.000. e September 15 Pay for utiltles expenses, $13,000, of which $7000 represents costs for 2017 f November 24 Recelve cash In advance from customers, $10,000 g December 30 Pay S3,000 cash dividends to stockholders. h. Depreciation for the year on the machinery Is S8.000 Plumbing supplies remaining on hand at the end of the year equal S1100 Of the $10,000 paid in advance by customers, S7000 of the work has been completed by the end of the year