The general ledger of Pipers Plumbing at January 1, 2018, includes the following account balances:        Accounts Debits Credits  Cash $3,900      Accounts Receivable 8,900      Supplies 2,900      Equipment 24,000       Accumulated Depreciation   $5,600    Accounts Payable    3,600    Utilities Payable    4,600    Deferred Revenue    0    Common Stock    17,000   Retained Earnings    8,900          Totals $39,700 $39,700     The following is a summary of the transactions for the year: January 24 Provide plumbing services for cash, $14,000, and on account, $59,000

The general ledger of Pipers Plumbing at January 1, 2018, includes the following account balances:     

  Accounts Debits Credits  Cash $3,900      Accounts Receivable 8,900      Supplies 2,900      Equipment 24,000       Accumulated Depreciation   $5,600    Accounts Payable    3,600    Utilities Payable    4,600    Deferred Revenue    0    Common Stock    17,000   Retained Earnings    8,900  

       Totals $39,700 $39,700    

The following is a summary of the transactions for the year:

1. January 24 Provide plumbing services for cash, $14,000, and on account, $59,000.
2. March 13 Collect on accounts receivable, $47,000.
3. May 6Issue shares of common stock in exchange for $10,000 cash.
4. June 30Pay salaries for the current year, $31,800.
5. September 15 Pay for utilities expenses, $11,800, of which $4,600 represents costs for 2017.
6. November 24 Receive cash in advance from customers, $7,600.
7. December 30 Pay $1,800 cash dividends to stockholders.