ch. 3 comprehensive problem (providing all entries, journals, balances, statements) most are finished and correct, half them arent.

Required information The following information applies to the questions displayed below] The general ledger of Zips. Storage at January 1. 2024, includes the following account balances: The following is a summary of the transactions for the year: 1. January 9 Frovade storage services for cash, 5119,180 , and on account, 354,700. 2. February 12 colMect on accounts recelvable, 552,000 . 3. Apri1. 25 Receive eash in advance from customers, 513,400 . 4. May b Purchase supplies on account, S10,200. 5. Juily 15 pay property taxes, $9,200. 6. Septanter 10 Pay on accountz payable, $11,900. 7. October 31 Pay xalaries, \$128,660. 8. Noyenber 28 Issue stares of common stock in exchange for $32,660 cash. 9. December 3e: Fay 53,30e cash divadends to stockholders. Journal Entry Required" in the first account field.) 4. Prepare an unadjusted trlal balance. 5. Record adjusting entries. Insurance explred during the year is $7,500. Supples remaining on hand at the end of the year equal $3,400 Provde services of $12300 related to cash pald in advance by customers. (If no entry is required for a particular transactionievent, select "No Joumal Entry Pegutred" in the first account field.) 7. Prepare an adjusted traal balance. 8-a. Prepare the income statement for the year ended December 31, 2024. 8-b. Prepare the classified balance sheet for the year ended December 31, 2024. 9. Record closing entres. (if no entry is required for a particular transaction/event, select "No Journal Entry Requtred" in the first arcount field. 1. 3. 6. 8 10. Post the transactions. adjusting entries and closing entries to the T-occounts. Ge cure to include beginning balances 11. Prepare a post-closing tral balance