Question: Check my work mode: This shows what 4 Part 4 of 8 Required information [The following information applies to the questions displayed below.] The

Check my work mode: This shows what 4 Part 4 of 8 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: 10 points Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Debits. $26,100 Credits 16,900 15,000 163,000 $8,200 7,300 Deferred Revenue Common Stock Retained Earnings Totals $221,000 158,000 47,500 $221,000 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 1. October 31 1. Movember 20 9. December 30 Provide storage services for cash, $149,100, and on account, $59,700. Collect on accounts receivable, $53,000. Receive cash in advance from customers, $14,400. Purchase supplies on account, $12,200. Pay property taxes, $10,000. Pay on accounts payable, $12,900. Pay salaries, $138.600. Issue shares of common stock in exchange for $42,000 cash. Pay $4,300 cash dividends to stockholders. 7. Prepare an adjusted trial balance.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
