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(practice question)
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:
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