Question: Please answer both balance sheet and income statement The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debito

Please answer both balance sheet and income statement
Please answer both balance sheet and income statement The general ledger of
Zips Storage at January 1, 2021, includes the following account balances: Credits
Debito $ 25,500 16,300 13,800 157,000 Accounts Cash Accounts Receivable Prepaid Insurance

The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debito $ 25,500 16,300 13,800 157,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 7,600 6,700 152,000 46,300 $212,600 $212,600 The following is a summary of the transactions for the year. 1. January 9 Provide storage services for cash, $143, 100, and on account, $56,700. 2. February 12 Collect on accounts receivable, $52,400. 3. April 25 Receive cash in advance from customers, $13,800. 4. May 6 Purchase supplies on account, $11,000. 5. July 15 Pay property taxes, $9,400. 6. September 10 Pay on accounts payable, $12,300. 7. October 31 Pay salaries, $132,600. 8. November 20 Issue shares of common stock in exchange for $36,000 cash. 9. December 30 Pay $3,700 cash dividends to stockholders. Insurance expired during the year is $7,900. Supplies remaining on hand at the end of the year equal $3,800. Provide services of $12,700 related to cash paid in advance by customers. Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Post-closing Zips Storage Income Statement For the Year Ended December 31, 2021 Revenues: 0 Total Revenues Expenses: Total Expenses 0 $ 0 The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Post-closing Zips Storage Balance Sheet December 31, 2021 Liabilities Assets Current Assets: Current Liabilities: 0 Total Current Liabilities Stockholders' Equity 0 0 Total current assets Long-term Assets 0 0 0 0 Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity $ 0 $ Total assets

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