Question: (Help needed creating a financial accounting general journal, income statement, and balance sheet.) The general ledger of Zips Storage at January 1, 2018, includes the

(Help needed creating a financial accounting general journal, income statement, and balance sheet.) "The general ledger of Zips Storage at January 1, 2018, includes the following account balances:

(Help needed creating a financial accounting general journal, income statement, and balance

I have filled out the journal for entries 1-12 but am unsure how to fill out 13-15. (I would also like verification that my journal entries are correct if possible)

I would also like to see the income statement and balance sheet filled out. I am studying practice problems for an exam and need an answered reference. Thank you.

sheet.) "The general ledger of Zips Storage at January 1, 2018, includesthe following account balances: I have filled out the journal for entries1-12 but am unsure how to fill out 13-15. (I would alsolike verification that my journal entries are correct if possible) I wouldalso like to see the income statement and balance sheet filled out.I am studying practice problems for an exam and need an answered

The general ledger of Zips Storage at January 1, 2018, includes the following account balances: Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Debits Credits $ 26,100 16.900 15,000 163,000 S 8,200 7,300 158,000 47,500 Totals $221,000 $221,000 The following is a summary of the transactions for the year a. January9 Provide storage services for cash, $149.100, and on account, $59,700 b. February 12 Collect on accounts receivable, $53,000 C. April 25 Receive cash in advance from customers, $14,400 d. May e. July f. September 10 Pay on accounts payable, $12,900 g. October 31 Pay salaries, $138,600 h. November 20 Issue shares of common stock in exchange for $42,000 cash. i. December 30 Pay $4,300 cash dividends to stockholders. 6 Purchase supplies on account, $12,200 15 Pay property taxes, $10,000 The following information is available for the adjusting entries. Insurance expired during the year is $8,500. Supplies remaining on hand at the end of the year equal $4,400. Provide services of $13,300 related to cash paid in advance by customers Requirement Gral ournal GeneraTrial Balance Statement Income Statement Balance Sheet View transaction list View journal entry worksheet Provide storage services for cash, $149,100, and on account, $59,700. 2Collect on accounts receivable, $53,000. 3 Receive cash in advance from customers, $14,400 4 Purchase supplies on account, $12,200 5 Pay property taxes, $10,000 6 Pay on accounts payable, $12,900 Pay salaries, $138,60o 7 account field View transaction list View journal entry worksheet 8 Issue shares of common stock in exchange for $42,000 cash 9 Pay $4,300 cash dividends to stockholders. Prepare the adjusting entry for insurance Prepare the adjusting entry for supplies 2 Prepare the adjusting entry for revenue earned. 13 Prepare the closing entry for revenue. 14 Prepare the closing entry for expenses. Drenare the rlnsinn entrv for cash dividends Note:journal entry Cash 138,600 8 November 20 Cash 42,000 Common stock 42,000 9 December 30 Dividends 4,300 Cash 4,300 10Dber 31 Insurance expense 8,500 Prepaid insurance 8,500 11Dber 31 Supplies expense 7,800 Supplies 7,800 12December 31 Service revenue 208,800 Acco unts receivable 59,700 13 December 31 Service revenue 13,300 Service revenue 13,300 15 December 31 4,300 Requirement General Ledger> General Journal General Ledger Income Requirement Trial Balance Statement Balance Sheet The balance sheet is the accounting equation: Assets = Liabilities on the balance sheet. Equity. Each asset and liability account is reported separately Post-closing Zips Storage Balance Sheet December 31. 2018 Assets Liabilities Current assets Current liabilities Total current liabilities Stockholders' Equity Total current assets Long-term assets Total stockholders' equity 0 Total liabilities and stockholders' equity Total assets

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