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3-8B (Static) Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) The general ledger...

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Accounting

3-8B (Static) Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) The general ledger of Pipers Plumbing at January 1, 2024, includes the following account balances: Accounts Debits Credits Cash $4,500 Accounts Receivable 9,500 Supplies 3,500 Equipment 36,000 Accumulated Depreciation $8,000 Accounts Payable 6,000 Utilities Payable 7,000 Deferred Revenue 0 Common Stock 23,000 Retained Earnings 9,500 Totals $53,500 The following is a summary of the transactions for the year: January 24 Provide plumbing services for cash, $20,000, and on account, $65,000. March 13 Collect on accounts receivable, $53,000. May 6 Issue shares of common stock in exchange for $11,000 cash. June 30 Pay salaries for the current year, $33,000. September 15 Pay utiliti

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