Question

The general ledger ot Pipers Plumbing at January 1, 2021, includes the tollowing account balances: Accounts Debits Credits Cash $4,100 Accounts 9,100 Receivable Supplies Equipment Accumulated Depreciation Accounts Payable 3,100 28,000 $ 6,400 4,400 Utilities Payable Deferred Revenue 5,400 19,000 Common Stock Retained Earnings 9,100 $44,300 $44,300 Totals The following is a summary of the transactions for the year 24 Provide plumbing services for cash, $16,000, and on $61,000 13 Collect on accounts receivable, $49,000 6 Issue shares of common stock in exchange for $12,000 cash 30 Pay salaries for the current year, $32,200. Pay utilities of $5, 400 24 Receive cash in advance from customers, $8,400. 30 Pay $2,200 cash dividends to stockholders 1. January account, 2. Мarch 3. Мay 4. June 2020 (prior year) 5. September 6. November 7, December 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 util ities at year-end amounted to $6,800. 9. Record closing entries. (If no entry is required for a particu lar transaction/event, select "No Journal Entry Required" in the first account field.) X Answer is not complete. General Journal No Date Debit Credit 226,000X December 31 Sales Revenue 1 8сх) 226,080X Interest Revenue Retained Earnings 217,255X December 31 Retained Earnings 2 Depreciation Expense Salaries Expense 375X 63,600 9,600 17,100X Income Tax Expense Utilities Expense December 31 Retained Earnings Dividends 8,825X 3 8,825X

Answer 1

Date 1. 24 Condit $61900 $ 11,000 Journal out the books of but spend Plumbing lipe Particulare Delit Cash $16,000 Accoull recuvalle Sales Revenue (Being sale in call p cedit) cash $49,000 Accoute secuualle (Being cash read from custowul) max. 13 $49,000 may. 6 са 12,000 June 30 Salaries $32,200 Sep is $5.400 $12,000 common stock (Being Shares issued) $ 32,200 cash (Being salamies paid) vtilities payalle cash (Being amour poid) cath $8,400 Accoute f atte Recuualle (Being advance reed) Dividend NOV 24 $8yoo $2,200 Bee 30 cash $2,200 2019.11.29 17:10

Dec 31 $6,400 Depreciation $6,400 Dec 31 $1,200 Dee 31 Dee 31 : Accumulated Depreciation (Being depreciation charged) closing inventory-supplies & 1200 Retained earnings (Being closing rumentory adjustment) Accouts recenalle & 6,200 sales Revenue $6,200 (Being Sale recognised) Retained casnings $6,800 To utilities Payable $6,800 (Being utiluries acurned) sales Revenue $83.200 Retained earnings $83,200 (Being sale transferred to earringes Retained earnings $40.500 salaries $32,200 Dividend $ 2,200 Depreciation (Being amout tauffered) Dec 31 Dee 3) $ 6,400 2019.11.29 11:10