The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Credits...
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The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Credits Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue: Common Stock Retained Earnings Totals 4. May 6 5. July 15 6. September 10 7. October 31 8. November 20 9. December 30 Debits $25,100 15,900 13,000 153,000 Requirement $207,000 The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 $7,200 6,300 148,000 45,500 $207,000 Provide storage services for cash, $139, 100, and on account, $54,700. Collect on accounts receivable, $52,000. Receive cash in advance from customers, $13,400. Purchase supplies on account, $10,200. Pay property taxes, $9,000. Pay on accounts payable, $11,900. Pay salaries, $128,600. General Journal Issue shares of common stock in exchange for $32,000 cash. Pay $3,300 cash dividends to stockholders. Insurance expired during the year is $7,500. Supplies remaining on hand at the end of the year equal $3,400. Provide ser $12,300 related to cash paid in advance by customers. General Ledger Chonce the annronriate accounts to he reported on the income statement The unartiustert adiusted or nost-cinsinn halancas. Trial Balance Income Statement Balance Sheet The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Credits Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue: Common Stock Retained Earnings Totals 4. May 6 5. July 15 6. September 10 7. October 31 8. November 20 9. December 30 Debits $25,100 15,900 13,000 153,000 Requirement $207,000 The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 $7,200 6,300 148,000 45,500 $207,000 Provide storage services for cash, $139, 100, and on account, $54,700. Collect on accounts receivable, $52,000. Receive cash in advance from customers, $13,400. Purchase supplies on account, $10,200. Pay property taxes, $9,000. Pay on accounts payable, $11,900. Pay salaries, $128,600. General Journal Issue shares of common stock in exchange for $32,000 cash. Pay $3,300 cash dividends to stockholders. Insurance expired during the year is $7,500. Supplies remaining on hand at the end of the year equal $3,400. Provide ser $12,300 related to cash paid in advance by customers. General Ledger Chonce the annronriate accounts to he reported on the income statement The unartiustert adiusted or nost-cinsinn halancas. Trial Balance Income Statement Balance Sheet
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