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The following is a summary of the transactions for the year: 1. January 24 2. March 13 3. May 6 4. June 30 5. September 15 Pay utilities of $6,800 from 2023 (prior year). 6. November 24 Receive cash in advance from customers, $9,800. 7. December 30 Pay $2,900 cash dividends to stockholders. The following information is available for the adjusting entries. Depreciation for the year on the machinery is $7,800. Plumbing supplies remaining on hand at the end of the $9,800 paid in advance by customers, $6,900 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $6,100. 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 to 7). Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab (these are shown as items 8 to 11). 3. Review the adjusted 'Trial Balance' as of December 31, 2024. 4. Prepare an income statement for the period ended December 31, 2024, in the 'Income Statement' tab. 5. Prepare a classified balance sheet as of December 31, 2024 in the 'Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab (these are shown as items 12 to 14). Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. General Ledger Account Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Uepreciation tor the year on the machinery is $1,800. Plumbing supplies remaining on hand the end of the year equal $1,000. Ot the $9,800 paid in advance by customers, $6,900 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $6,100. The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection

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