Question: Please answer correct with good presentation using commas and dollar sign everything The general ledger of Zips Storage at January 1, 2021, includes the following
Please answer correct with good presentation using commas and dollar sign everything








The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash 5 25, 766 Accounts Receivable 16,566 Prepaid Insurance 14,266 Land 159,666 Accounts Payable $ 2,866 Deferred Revenue 6,966 common Stock 154,666 Retained Earnings 46,?66 Totals $215,466 $215,466 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $145,166, and on account, $51,766. 2. February 12 Collect on accounts receivable, $52,666. 3. April 25 Receive cash in advance from customers, $14,38I. 4. May 6 Purchase supplies on account, $11,466. 5. July 15 Pay property taxes, $9,666. 6. September 16 Pay on accounts payable, $12,566. 7. October 31 Pay salaries, $134,666. 3. November 26 Issue shares of common stock in exchange for $33,466 cash. 9. December 30 Pay $3,963 cash dividends to stockholders. Insurance expired during the year is $8,100. Supplies remaining on hand at the end of the year equal $4,000. Provide services of $12,900 related to cash paid in advance by customers. General General Journal Ledger Income Req u I rernenl: Statement Balance Sheet Trial Balance ' Journal entry worksheet Record the closing entry for revenue. Note: Enter debits before credits. December 31 Record entry View general journal Record the closing entry for expenses. Note: Enter debits before credits. December 31 Record the closing entry for cash dividends. Note: Enter debits before credits. December 31
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