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Question: the general ledger of pipers plumbing at january 1 2018...

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The general ledger of Pipers Plumbing at January 1, 2018, includes the following account balances: Accounts Cash Accounts receivable Supplies Equipment Accumulated depreciation Accounts payable Utilities payable Deferred revenue Common stock Retained earnings $4,500 9,500 3,500 36,000 8,000 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 6 Issue 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, $7000 of the work has been completed by the end of the yearvalue: 0.25 points 1., 3., 6 & 10. Enter the beginning balances from the trial balance and post the adjusting entries and the closing entries to the T-accounts Cash Accounts Receivable Beg. Bal Beg. Bal End. Bal End. Bal Supplies Equipment Beg. Bal. Beg. Bal End. Bal. End. Bal Accumulated Depreciation Accounts Payable Beg. Bal. Beg. Bal End. Bal. End. BalUtilities Payable Deferred Revenue Beg. Bal. Beg. Bal. End. Bal End. Bal. Common Stock Retained Earnings Beg. Bal. Beg. Bal. End. Bal. 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.

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