The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Accounts...

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The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Accounts Debits Credits Cash $26,300 17,100 Accounts Receivable Prepaid Insurance Land 15,400 165,000 Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $223,800 The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 $8,400 7,500 160,000 47,900 $223,800 4. May 6 5. July 15 6. September 10 7. October 31 8. November 20 9. December 30 Provide storage services for cash, $151,100, and on account, $60,700. Collect on accounts receivable, $53,200. Receive cash in advance from customers, $14,600. Purchase supplies on account, $12,600. Pay property taxes, $10,200. Pay on accounts payable, $13,100. Pay salaries, $140,600. Issue shares of common stock in exchange for $44,000 cash. Pay $4,500 cash dividends to stockholders. Cash Accounts Receivable Prepaid Insurance Land Accounts Supplies Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals Answer is complete but not entirely correct. ZIPS STORAGE Post-Closing Trial Balance December 31, 2024 Debit $ 120,800 24,600 15,400 X 165,000 12,600 X Credit 7,900 22,100 X 204,000 104,400 X $ 338,400 $ 338,400 The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Accounts Debits Credits Cash $26,300 17,100 Accounts Receivable Prepaid Insurance Land 15,400 165,000 Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $223,800 The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 $8,400 7,500 160,000 47,900 $223,800 4. May 6 5. July 15 6. September 10 7. October 31 8. November 20 9. December 30 Provide storage services for cash, $151,100, and on account, $60,700. Collect on accounts receivable, $53,200. Receive cash in advance from customers, $14,600. Purchase supplies on account, $12,600. Pay property taxes, $10,200. Pay on accounts payable, $13,100. Pay salaries, $140,600. Issue shares of common stock in exchange for $44,000 cash. Pay $4,500 cash dividends to stockholders. Cash Accounts Receivable Prepaid Insurance Land Accounts Supplies Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals Answer is complete but not entirely correct. ZIPS STORAGE Post-Closing Trial Balance December 31, 2024 Debit $ 120,800 24,600 15,400 X 165,000 12,600 X Credit 7,900 22,100 X 204,000 104,400 X $ 338,400 $ 338,400