Question: 1. prepare an income statement 2. prepare a balance sheet 8-a. Prepare the income statement for the year ended December 31, 2024. 8-b. Prepare the

1. prepare an income statement

2. prepare a balance sheet

the classified balance sheet for the year ended December 31, 2024. Required

8-a. Prepare the income statement for the year ended December 31, 2024. 8-b. Prepare the classified balance sheet for the year ended December 31, 2024. Required information [The following information applies to the questions displayed below] The general ledger of Zips Storage at January 1, 2024, includes the following account balances: The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 4. May 6 5. July 15 6. September 10 7. October 31 8. Novenber 20 9. December 130 collect on accounts receivable, $2,300. Receive cash in advance from customers, $13,700. Purchase supplies on account, $10,800. Pay property taxts, $9,300. Pay on accounts payable, $12,200. pay salaries, $131,600. Issue shares of common stock in exchange for $35,000 cash. Pay $3,600 cash dividends to stockholders

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