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ACCUUNILS Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals 1. January 9 2. February 12 3. April 25
ACCUUNILS Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals 1. January 9 2. February 12 3. April 25 4. May 6 5. July 15 6. September 10 7. October 31 8. November 20 9. December 30 1. Prepare a post-closing trial balance. Accounts The following is a summary of the transactions for the year: Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Service Revenue Interest Receivable Supplies Property Tax Expense Salaries Expense Dividends X $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. X Answer is complete but not entirely correct. ZIPS STORAGE Post-Closing Trial Balance December 31, 2024 X DEDILS $25,100 15,900 13,000 153,000 Pay property taxes, $9,000. Pay on accounts payable, $11,900. Pay salaries, $128,600. Issue shares of common stock in exchange for $32,000 cash. Pay $3,300 cash dividends to stockholders. Debit $ 108,800 18,600 13,000 X 153,000 10,200 CHECPSS $7,200 6,300 9,000 X 128,600 X 3,300 X 148,000 45,500 $207,000 Credit 5,500 6,300 x 180,000 45,500 193,800 X 13,400 X
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