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P 3-2 LO3 LO4 Journal Entries and Trial Balance As of January 1, 2017, Gammon Corporation had the following balances in its general ledger: Credits Debits $ 63,000 147,000 416,000 Cash Accounts Receivable Office Building, Accounts Payable Mortgage Payable Notes Payable.... Capital Stock Retained Earnings Totals $ 33,000 276,000 137,000 115,000 65,000 $626,000 $626,000 Gammon had the following transactions during 2017. All expenses were paid in cash, unless otherwise stated. a. Collected $42,000 of receivables. b. Accounts Payable as of January 1, 2017, were paid off. Paid utilities of $12,600. d. Provided services for $370,000, 90% for cash and 10% for credit. C. P 3-2 LO3 LO4 Journal Entries and Trial Balance As of January 1, 2017, Gammon Corporation had the following balances in its general ledger: Credits Debits $ 63,000 147,000 416,000 Cash Accounts Receivable Office Building, Accounts Payable Mortgage Payable Notes Payable.... Capital Stock Retained Earnings Totals $ 33,000 276,000 137,000 115,000 65,000 $626,000 $626,000 Gammon had the following transactions during 2017. All expenses were paid in cash, unless otherwise stated. a. Collected $42,000 of receivables. b. Accounts Payable as of January 1, 2017, were paid off. Paid utilities of $12,600. d. Provided services for $370,000, 90% for cash and 10% for credit. C