Required information Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.) of 8 The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balar Credits Debits $ 4,100 9,100 3,100 28,000 eBook Print Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Utilities Payable Deferred Revenue Common Stock Retained Earnings Totals $ 6,400 4,400 5,400 leferences 19,000 9,100 $44,300 $44,300 The following is a summary of the transactions for the year: 1. January 24 Provide plumbing services for cash, $16,000, and on account, $61,000. 2. March 13 Collect on accounts receivable, $49,000. 3. May 6 Issue shares of common stock in exchange for $12,000 cash. 4. June 30 Pay salaries for the current year, $32,200. 5. September 15 Pay utilities of $5,400 from 2020 (prior year). 6. November 24 Receive cash in advance from customers, S8,400. 7. December 30 Pay $2,200 cash dividends to stockholders. ries of $5, ce from The following information is available for the adjusting entries. Depreciation for the year on the machinery is $6,400. Plumbing supplies remaining on hand at the end of the year equal $1,200. Of the $8,400 paid in advance by customers, $6,200 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $6,800. oblem 3-8B Part 2 Prepare each of the summary transactions listed above. (If no entry is required for a particular transaction/event, select "No ournal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 Provide plumbing services for cash, $16,000, and on account, $61,000. Note: Enter debits before credits View transaction list 1 Provide plumbing services for cash, $16,000, and on account, $61,000. 2 Collect on accounts receivable, $49,000. 3 Issue shares of common stock in exchange for $12,000 cash. 4 Pay salaries for the current year, $32,200. Credit 5 Pay utilities of $5,400 from 2020 (prior year). 6 Receive cash in advance from customers, $8,400. 7 Pay $2,200 cash dividends to stockholders. Note: journal entry has been entered Required information Journal entry worksneeu f8