May Please get the break down on how this is done. I appreciate the answer but to also get a clear understanding would be rewarding lol thank you.

Kequired inrormation Problem 3-8B Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.] The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances: The following is a summary of the transactions for the year: 1. January 24 Provide plumbing services for eash, $13,500, and on account, $58,500. 2. Mareh 13 Collect on accounts receivable, $46,500, 3. May 6 Insue shares of common stock in exchange for $11,000 cash. 4. June 30 Pay salaries for the current year, $31,700. 5. September 15 Pay utilities of $4,400 from 2020 (prior year). 6. Noveaber 24 Receive cash in advance from customers, $7,400. 7. December 30 Pay $1,700 cash dividenda to utockholders. The following information is available for the adjusting entries. Depreciation for the year on the machinery is $5,400. Plumbing supplies remaining on hand at the end of the year equal $1,100. Of the $7,400 paid in advance by customers, $5,700 of the work has been completed by the end of the year. Accrued utilities at year-end amounted to $7,300. 11. Prenaro a nnct_rlncine trial halanan