time Saved Help Save & E The general ledger of Pipers Plumbing at January 1, 2021, Includes the following account balances: Credits Debits $ 4,000 9,000 3,000 26,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 6,000 4,000 5,000 0 18,000 9,000 $42,000 $42,000 The following is a summary of the transactions for the year: 1. January 24 Provide plumbing services for cash, $15,000, and on account, $60,000. 2. March 13 Collect on accounts receivable, $48,000. 3. May 6 Issue shares of common stock in exchange for $10,000 cash. 4. June 30 Pay salaries for the current year, $32,000. 5. September 15 Pay utilities of $5,000 from 2020 (prior yea). 6. November 24 Receive cash in advance from customers, $8,odo. 7. December 30 Pay $2,000 cash dividends to stockholders. The following information is available for the adjusting entries. Depreciation for the year on the machinery is $6,000. Plumbing supplies remaining on hand at the end of the year equal $1,000. Of the $8,000 paid in advance by customers, $6,000 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,000. 5 Apple ESPN Personalized Lucky Stars 3 Showtime Saved Help Save Accrued utilities at year-end amounted to $7,000. Problem 3-8B Part 1, 3, 6, 10 3 1., 3., 6 & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. Cash Accounts Receivable Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. Supplies Equipment Beg. Bal Beg. Bal End. Bal. End. Bal 0 Accumulated Depreciation Accounts Payable Beg. Bal. Beg. Bal howtime Saved Required information End. Bal. End, Bal 0 Accumulated Depreciation Accounts Payable Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. Utilities Payable Deferred Revenue Beg. Bal. Beg. Bal. End. Bal. End, Bal 0 + Common Stock Retained Earnings Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Dividends Service Revenue Required information 0 End. Bal. 0 End. Bal. Dividends Service Revenue Beg Bal. Beg. Bal. 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.