Answered step by step
Verified Expert Solution
Question
1 Approved Answer
also need the unadjusted trail balance as well as the adjusted trail balance please show me step by step on how its done Problems Savod
also need the unadjusted trail balance as well as the adjusted trail balance
Problems Savod Required information The general ledger of Zips Storage at January 1, 2021, includes the following account bala 8 Credits Debits $ 24,600 15,400 12,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals 188,888 $ 6,700 5,800 143,000 44,500 $200,000 $200,000 sk The following is a summary of the transactions for the year int -ences 1. January 9 Provide storage services for cash, $134, 100, and on account, 552,200. 2. February 12 Collect on accounts receivable, $51,500. 3. April 25 Receive cash in advance from customers, $12,900. 4. May 6 Purchase supplies on account, 59,200. 5. July 15 Pay property taxes, 50, see. 6. September 10 Pay on accounts payable, 511,400. 7. October 31 Pay salaries, 5123,600. 8. November 20 Issue shares of common stock in exchange for $27,000 cash. 9. December 30 Pay 52,800 cash dividends to stockholders. pot here to search DELL F10 F11 F12 9. December u LULA LALI 30 Pay $2,800 cash dividends to stockholders. 7. Prepare an adjusted trial balance. 8 Credit ook sk ZIPS STORAGE Adjusted Trial Balance December 31, 2021 Accounts Debit Cash Accounts Receivable Prepaid Insurance Supplies Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Dividends Servica Raven int rences please show me step by step on how its done
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started