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What is service revenue in december 31 The general ledger of Pipers Plumbing at January 1,2021 , includes the following account balances: The following is
What is service revenue in december 31
The general ledger of Pipers Plumbing at January 1,2021 , includes the following account balances: The following is a summary of the transactions for the year: 1. January 24 Provide plunbing services for cash, 813 , 500 , and on account, 850,500 . 2. March 13 collect on atcounts receivable, 546,500 . 3. May 6 Isswe shares of connen stock in exchange for 811,000 cash. A. June 10 Pay salaries for the current year, 531,700 . 5. September 15 Pay utilities of $4,400 troe 2020 (onlor year). 6. Novenber 24 Receive cash in advance froe custoners, 57,400 . 7. Decenber 30 Fay $1,700 cash dividends to stockholders. The following information is avallable for the adjusting entries. Depreciation for the year on the machinery is $5.400. Plurnbing supplies remaining on hand at the end of the year equal $1.100. Of the $7,400 paid in advance by customers, $5,700 of the work has beren completed by the end of the year. Acciued utilibes at year-end amounted to $7.300Step by Step Solution
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