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The following information applies to the questions displayed below The general ledger of Pipers Plumbing at January 1, 2018, includes the following account balances: Debits Credits Cash Accounts receivable $ 4,500 9,500 3,500 Equipment Accumulated depreciation Accounts payable Utilities payable Deferred revenue Common stock Retained earnings 6,000 7000 0 23,000 9,500 Totals $53,500 $53,500 The following is a summary of the transactions 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. c. May 6Issue shares of common stock in exchange for $11,000 cash. d. June 30 Pay salaries for the current year, $33,000. e. September 15 Pay for utilities expenses, $13,000, of which $7,000 represents costs for 2017. f. November 24 Receive cash in advance from customers, $10,000. g. December 30 Pay $3,000 cash dividends to stockholders. h. 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, $7,000 of the work has been completed by the end of the yeer.13. vals Required infor 0.25 points 2. Prepare each of the summary transactions listed above. (If no entry is required for a particular transaction/event, select No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the service revenue for the year Note: Enter debits before credits. saction General Journal Debit Credit a. Record entry Clear entry View general journalvalue: 0.25 points 5. Record adjusting entries. If no entry is required for a particular transaction even select No ournal entry required in the st account id Viow transaction list Journal entry worksheet Record the adjustment for depreciation. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journalvalue: 0.25 points 7. Prepare an adjusted trial balance PIPERS PLUMBING Adjusted Trial Balance December 31, 2018 Credit Accounts Cash Accounts receivable Supplies Equipment Accumulated depreciation Accounts payable Debit Utilities payable Deferred revenue Common stock Retained earnings Dividends Service revenue Salaries expense Utilities expense Supplies expense Depreciation expense Totals 017 0.25 points 8-a. Prepare an income statement for the year ended December 31, 2018. PIPERS PLUMBING Income Statement For the Year Ended December 31, 2018 Expenses Total expenses 08-b. Prepare a classified balance sheet for the year ended December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.) PIPERS PLUMBING Balance Sheet December 31, 2018 Assets Liabilities Current assets: Current liabilities: Total current assets Total current liabilities Long-term assets Stockholders Equity Total stockholders equity 0 Total liabilities and stockholders equity$ Total assets 018 value: 0.25 points 9. Record closing entries. (If no entry is required for a particular transaction/event, select No journal entry required in the first account field.) View transaction list Journal entry worksheet 2 3 Record the entry to close the revenue accounts Note: Enter debits before credits. Date General Journal Debit Credit 31, 2018 Record entry Clear entry View general journalvalue: 0.25 points 11. Prepare a post-closing trial balance PIPERS PLUMBING Post-Closing Trial Balance December 31, 2018 Debit Credit Accounts Cash Acco Supplies Equipment Accumulated depreciation Accounts payable Deferred revenue Common stock Retained earnings unts receivable Totals 0please help me out these questions.

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